Ask Question
5 March, 03:45

Jackie would like to buy a $19700 Toyota hybrid car in 4 years. Jackie wants to put the money aside now. Jackie's bank offers 8% interest compounded semiannually. How much must Jackie invest today?

+4
Answers (1)
  1. 5 March, 04:30
    0
    A=p (1+i/k) ^kt

    19700=p (1+8%/2) ^2*4

    Can you solve for p?
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jackie would like to buy a $19700 Toyota hybrid car in 4 years. Jackie wants to put the money aside now. Jackie's bank offers 8% interest ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers