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aev [14]
3 years ago
13

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
1 answer:
quester [9]3 years ago
4 0

Answer:

30027.86

Step-by-step explanation:

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