Sunday
April 20, 2014

Homework Help: math

Posted by mangtonio on Monday, July 26, 2010 at 5:44pm.

clarence has $20, 000 in the bank. He wants to create an investment to pay his $230 monthly car insurance payment for four years, with the first payment dude in one month. How much of his $20, 000 should he invest now at %8.25 per annum, compounded monthly?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

MATH - Five years ago, you bought a house for $151,000, with a down payment of $...
math - Five years ago, you bought a house for $151,000, with a downpayment of $...
Algebra: Statistics - Five years ago, you bought a house for $151,000, with a ...
Math Finance please help - Five years ago, you bought a house for $151,000. You ...
econ - You borrow $20,000 from a bank to be repaid in monthly installments for 3...
Finance - Five years ago, you bought a house for $151,000. You had a down ...
Finance Help! 3 questions - Hi, i was wondering if someone could please help me ...
Math - If you finance $50,000 of the purchase of your new home at 4.40% ...
math - Joe is getting ready to buy a car. He has $20,000 in investments earning...
Math - You wish to purchase a house for $200,000 with 20% down. You will have it...

Search
Members