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Andrew is saving up money for a down payment on a car. He currently has $5747, but knows he can get a loan at a lower in
Posted: Thu Jul 14, 2022 3:58 pm
by answerhappygod
- Andrew Is Saving Up Money For A Down Payment On A Car He Currently Has 5747 But Knows He Can Get A Loan At A Lower In 1 (286.92 KiB) Viewed 38 times
Andrew is saving up money for a down payment on a car. He currently has $5747, but knows he can get a loan at a lower interest rate if he can put down $6412. If he invests the $5747 in an account that earns 4.1% annually, compounded quarterly, how long will it take Andrew to accumulate the $6412 ? Round your answer to two decimal places, if necessary. Answer How to enter your answer (opens in new window) Keyboard Shortcuts