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SVEN [57.7K]
3 years ago
10

Aaron needs $17,450 to purchase a motorcycle. How much money will he need to invest today in a savings account earning 3.8% inte

rest compounded monthly to have enough money to purchase the boat in six years? (show work)
A= $1190.11
B= $13,897.37
C= $17,056.70
Mathematics
1 answer:
GREYUIT [131]3 years ago
3 0
P=17,450÷(1+0.038÷12)^(12×6)
p=13,897.37
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