Math
posted by Cherisse .
Barbara knows that she will need to buy a new car in 2 years. The car will cost 15,000 by then How much should she invest now at 10% compounded quarterly, so that she will have enough to buy a new car?
Respond to this Question
Similar Questions

math
Jim wants to deposit money in an account to save for a new stereo system in two years. He wants to have $4,000 available at the time. The following rates are available to him: 6.2% simple interest 6.1% compounded annually 5.58% compounded … 
math
Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How much should she invest now at 10%, compounded quarterly, so that she will have enough to buy a new car? 
math
Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How much should she invest now at 10%, compounded quarterly, so that she will have enough to buy a new car? 
math
Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How much should she invest now at 10%, compounded quarterly, so that she will have enough to buy a new car? 
Foundations Math 12
Mark wants to buy a car in 15 months, when he graduates. He estimates the car he wants will cost $12 500. Mark has just invested $7500 in a GIC earning 4% compounded quarterly. He also has a savings account that earns 2.45%, compounded … 
math
Barbara knows that she will need to buy a new car in 3 years. The car will cost $15,000 by then. How much should she invest now at 8%, compounded quarterly, so that she will have enough to buy a new car? 
Finance
After deciding to buy a new car, you can either lease the car or purchase it on a 3year loan. The car costs $32,000. The lease offer is for $450/month for 36 months, with only $99 due up front. If you buy the car with a 3year loan, … 
Math
You want to buy your dream car, but you are $5,000 short. If you could invest your entire savings of $2,350 at an annual interest rate of 12%. How long would you have to wait until you have accumulated enough money to buy the car? 
Math
Jasica Parker would like to have $78 comma 000 to buy a new car in 8 years. To accumulate $ 78 comma 000 in 8 years, how much should she invest monthly in a sinking fund with 6 % interest compounded monthly? 
math
Jerome will be buying a used car for $9 comma 0009,000 in 22 years. How much money should he ask his parents for now so that, if he invests it at 99% compounded continuouslycontinuously, he will have enough to buy the …