John is saving up for a down payment on a car. he plans to invest $2,000 at the end of every year for 6 years. if the interest rate on the account is 2.15% compounding annually, what is the present value of the investment?
A. $22,403.85
B. $6,410.75
C. $12,663.79
D. $11,146.37
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “John is saving up for a down payment on a car. he plans to invest $2,000 at the end of every year for 6 years. if the interest rate on the ...” 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.
Home » Mathematics » John is saving up for a down payment on a car. he plans to invest $2,000 at the end of every year for 6 years. if the interest rate on the account is 2.15% compounding annually, what is the present value of the investment? A. $22,403.85 B. $6,410.