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?
Get 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 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
You Might be Interested in
A map distance of 5 inches represents 200 miles of actual distance suppose the distance between two cities on the math is 7 inches for the actual distance between the two cities right the rule used to find the actual distance
Answers (1)
Round 18.2044986022 to the nearest hundred-thousandth.
Answers (1)
Is it true or false that the consecutive values of a linear function will increase by the amount of the slope if the x values consecutively increase by 1?
Answers (1)
What is 38 percent of 94
Answers (1)
Simplify 5 - (-1). The answer is 6
Answers (2)
New Questions in Mathematics
Simplify this algebraic expression: y-3/3+12
Answers (2)
A pool is filled with 270 270270 cubic meters of water. The base of the pool is 15 m 15 m15, start text, space, m, end text long and 9 m 9 m9, start text, space, m, end text wide. What is the height of the water in the pool?
Answers (2)
Suppose 1,600 of 2,000 registered voters sampled said they planned to vote for the Republican candidate for president. Using the 0.
Answers (1)
if someone sells 6 bottles of lemonade for 9 dollars, how much money would they get if they sell 100 bottles
Answers (2)
A day temperature was four degress celsius. at night, the temperature dropped six degree. what was the night temperature?
Answers (2)