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likoan [24]
2 years ago
10

Nicholas is currently in eighth grade and intends to attend a state college when he finishes high school. Nicholas’s parents cur

rently have some money invested in mutual funds, but would like to invest this money in a more secure investment now to pay for college in 4 years. If they will need $25,000, how much do Nicholas’s parents have to invest now in a 48month CD that has a rate of 4.59% compounded monthly?
Mathematics
2 answers:
Juliette [100K]2 years ago
7 0

Answer:

20,814.00

これがお役に立てば幸いです。また、良い一日をお過ごしください

egoroff_w [7]2 years ago
4 0

Answer: he has 10 monthly

Step-by-step explanation:

see from the question

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