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

Question

3 years ago

11

nvest monthly in a sinking fund with 9 % interest compounded monthly?

1 answer:

guapka [62] · Answer 1 · 2022-08-11T19:19:09+03:00

7 0

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

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