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Rom4ik [11]
3 years ago
7

Having just turned 16 years old, your friend has their mind set on buying a new car by the time they turn 20 years old. They can

afford to save $440 per month. They place the money into an annuity that pays 5.5% per year, compounded monthly. How much will they have to spend on a car after 4 years?
Mathematics
1 answer:
DanielleElmas [232]3 years ago
6 0

having just turned 16 years old, your friend has their mind set on buying a new car by the time they turn 20 years old

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