Posted by maame on Sunday, May 27, 2012 at 4:51pm.
Please tell me where to invest at a 9.2% apr rate -- much less where it's compounded quarterly.
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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