Mathematics, 11.10.2019 21:30 memeE15
Morgan wants to purchase a home in six years. he will contribute $3500 each year to a savings account with 3.26% interest, compounded quarterly. what is the future value of this investment, when maurice needs to make a down payment?
1)
$23,091.06
2)
$92,364.24
3)
$93,117.01
4)
$23,279.25
can someone me solve this? the answer is number 1, but i don't know how they found it. i keep getting numbers much lower.
Answers: 3
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Morgan wants to purchase a home in six years. he will contribute $3500 each year to a savings accoun...
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