I want to be able to buy a car with cash in 4 years. I have $5,000 that I can invest today. I can get a bond earning 6.5%. How much will I have for the purchase?
math - Ms. Sue, Monday, June 11, 2012 at 1:44pm
I = PRT
I = 5,000 * 0.065 * 4
I = 1,300
5,000 + 1,300 = ?