Jacob is saving up for a down payment on a car. He plans to invest $2,000 at the end of every year for 5 years. If the interest

Question

3 years ago

15

rate on the account is 2.25% compounded annually, what is the present value of the investment? a. $5,666.58 b. $10,461.24 c. $9,358.91 d. $37,731.88

2 answers:

Damm [24] · Answer 1 · 2022-08-01T22:52:09+03:00

Damm [24]3 years ago

7 0

The answer would have to be B

Mrac [35] · Answer 2 · 2022-08-02T01:16:54+03:00

Mrac [35]3 years ago

6 0

Answer: $9,358.91

Explanation: