MeowieMeowMeow3891
01.12.2020 •
Mathematics
Devin wants to have $17,000 to buy a new car in 5 years. How much will he to deposit into a mutual fund that pays 12% compounded monthly to reach his goal?
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Ответ:
After 9 years:
7,680
Step-by-step explanation:
4%=0.04
1 year = 12,000 x 0.04=480
9 years= 480 x 9 = 4320
12,000-4320= 7,680