SOLUTION: jenni wants to buy a car worth 50,000 in 3 years. How much money does she need to invest now in order to have the money in 3 years if she can earn 8% interest compounded monthly?

Question 288994: jenni wants to buy a car worth 50,000 in 3 years. How much money does she need to invest now in order to have the money in 3 years if she can earn 8% interest compounded monthly?

Answer by nyc_function(2741) (Show Source): You can put this solution on YOUR website!
Here's what to do:
1-E-mail your question to me at nycfunction@yahoo.com
2-Include your fax number (most people have a fax number at home these days)
3-I will then fax the entire question and fully explained answer.
NYC Math Tutor

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