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e-lub [12.9K]
3 years ago
10

Sam Long anticipates he will need approximately $227,300 in 14 years to cover his 3-year-old daughter's college bills for a 4-ye

ar degree. How much would he have to invest today at an interest rate of 10% compounded semiannually? (Do not round intermediate calculations. Round your answer to the nearest cent.)
Amount =​
Mathematics
1 answer:
SSSSS [86.1K]3 years ago
4 0

Answer:

which of these expressions or phrases can be used to represent the model brainly choose al the correct answerswhich of these expressions or phrases can be used to represent the model brainly choose al the correct answerswhich of these expressions or phrases can be used to represent the model brainly choose al the correct answerswhich of these expressions or phrases can be used to represent the model brainly choose al the correct answerswhich of these expressions or phrases can be used to represent the model brainly choose al the correct answerswhich of these expressions or phrases can be used to represent the model brainly choose al the correct answerswhich of these expressions or phrases can be used to represent the model brainly choose al the correct answerswhich of these expressions or phrases can be used to represent the model brainly choose al the correct answerswhich of these expressions or phrases can be used to represent the model brainly choose al the correct answers

Step-by-step explanation:

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Dmitry_Shevchenko [17]

Your answer would be 122,400.

<em>To solve, follow these steps!! </em>First let's start with the price of the motorhome, 180,000. If it <em>depreciates, </em>that means it's going to lose value ever year.

It will depreciate 4% every year, so we need to find 4% of 180,000. You can just plug this into a calculator and get 7,200.

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