Monday
March 30, 2015

Homework Help: Math

Posted by Mike on Thursday, November 3, 2011 at 8:22pm.

Stacy requires $3,000 in three years to make a down payment on a new car. She will receive 8% compounded annually for the three years. How much must she invest today to have the $3,000 in three years?
(a) $ 2,381.49 (b) $ 2,419.35 (c) $ 2,000.00 (d) $ 2,500.00 (e) $ 2,250.00

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Stacy requires $3,000 in three years to make a down payment on a new car...
Math - Art Newner wants to know how much he will have to invest today in order ...
Annuities - Sanka Blunck wants to receive $8,000 each year for 20 years. How ...
Finance Help! 3 questions - Hi, i was wondering if someone could please help me ...
Finance - Joe Jan wants to receive $22,000 each year for the next 22 years. ...
Mathematics and investment - 1. Angelo wants to renovate his house in 3 years. ...
Math - Alice Wolf wants to know how much she will have to invest today in order...
math - Jim wants to deposit money in an account to save for a new stereo system ...
Math/ Compouded semiannually ?'s - Jessica plans to purchase a car in one year ...
Math - Myrna Lewis wishes to have $4,000 in four years to tour Europe. How much ...

Members