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Betsy inherits 1500 and would like to put some of it away for a down payment on a house in 8 years. if she would like to have 25000 for the down payment, how much of her inheritance must she invest at 9.2% a compounded quarterly

  • math: reply asap -

    Please tell me where to invest at a 9.2% apr rate -- much less where it's compounded quarterly.

  • math: reply asap -

    i don't know , but here is the question again.
    Betsy inherits $15 000 and would like to put some of it away for a down
    payment on a house in 8 years. If she would like to have $25 000 for the
    down payment, how much of her inheritance must she invest at 9.2%/a
    compounded quarterly?

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