You want to purchase a new car in 5 years and you anticipate the cost of the car to be $55,000. You are given an investment plan with a fixed APR of 6.2%, assuming that you make regular monthly deposits. How much should you deposit at the beginning of each month to reach your goal of $55,000 in 5 years? Round to the nearest cent.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You want to purchase a new car in 5 years and you anticipate the cost of the car to be $55,000. You are given an investment plan with a ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Divide using synthetic division (3y^4-13y^3+12y^2-33y+9) / (y-4)
Answers (1)
Which number sentence is always true? A. positive - positive = positive B. negative + negative = negative C. negative + positive = positive D. positive - negative = negative
Answers (1)
Which expression is equivalent to (x2 - 8) - (-2x2 + 4) ?
Answers (1)
How does total revenue differ from marginal revenue
Answers (1)
Which equation represents and exponential function with an initial value of 500
Answers (2)
New Questions in Mathematics
How many milliliters of water equals one gallon?
Answers (1)
Percents are the result of expressing numbers as a part of?
Answers (1)
UR Probability of independent events Amal A number cube is rolled and a coin is tossed. The number cube and the coin are fair.
Answers (1)
6x+1/2y=3 into slope intercept form
Answers (1)
Round off or add zero to the following calculated answers to give a final answer with three significant figures: 0.00001258 L ... ?
Answers (1)