SOLUTION: at the beginning of the year you went out and purchase $300.00 worth of gold coins. Every 3 months for the next 8 years you purchase and additional 300.00 worth of coins. At the e

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: at the beginning of the year you went out and purchase $300.00 worth of gold coins. Every 3 months for the next 8 years you purchase and additional 300.00 worth of coins. At the e      Log On

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Question 1144429: at the beginning of the year you went out and purchase $300.00 worth of gold coins. Every 3 months for the next 8 years you purchase and additional 300.00 worth of coins. At the end of the first 3yeats it's price of gold starts to come down. And when you decided to cash out. You can only get what you paid for it. What is the value
Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
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$300 every three months means you pay $1200 per year.


$1200 per year during 8 years is $9600.


It is the value the problem is asking for.