lp48354 lp48354

28-02-2022
Mathematics

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Nina will need $23,500 in 6 years for a new car. How much should she invest now at 7.8% annual interest, compounded quarterly, to reach her goal?

$2,962.94
$14,783.40
$3916.67
$5,875.00

Respuesta :

calamansi calamansi

28-02-2022

Answer:

$5, 875.00

Step-by-step explanation:

quarterly a year is 3 months

12 months in a year divided by 3 = 4

$5, 875.00 x 4 = $23, 500

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