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6 November, 13:48

Jasica Parker would like to have $46,000 to buy a new car in 6 years. To accumulate $ 46,000 in 6 years, how much should she invest monthly in a sinking fund with 9 % interest compounded monthly?

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  1. 6 November, 14:04
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    Answer: 690

    Step-by-step explanation:

    So, you should do

    46,000 * 9% = 4,140

    4,140 divided by 6 = 690

    So your answer is 690
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