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Charra [1.4K]
3 years ago
13

To have $25,000 to spend on a new car in five years, how much money should Jill invest today at 8% compounded monthly?

Mathematics
2 answers:
finlep [7]3 years ago
8 0

Answer:

 The answer is C. $16,780

Step-by-step explanation:

PV = 25,000(1+\frac{0.08}{12} )x^{-12(5)}  = 16,780

Mariulka [41]3 years ago
7 0
The answer is B
Because if you use your calculation right you would end up with 16,463
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The description shows a linear relationship and a proportional relationship.

<h3>How to describe the given relationship?</h3>

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