Jasica Parker would like to have $46,000 to buy a new car in 6 years. To accumulate $ 46,000 in 6 years, how much should she i nvest monthly in a sinking fund with 9 % interest compounded monthly?
1 answer:
Answer: 690
Step-by-step explanation:
So, you should do
46,000 * 9% = 4,140
4,140 divided by 6 = 690
So your answer is 690
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