Mathematics, 01.04.2022 14:00 nadarius2017
Now say you invest the $7,500 and the highest interest rate you can find is 4.5% compounded annually,
but you would have to leave the investment in the account for a minimum of 4 years. If you decide to
wait 4 years to buy the car, how much more money will you have to save to buy a car at the $9,500
price? Use the compound interest formula A = P (1 + i)". (Round final answer to the nearest cent, but
otherwise don't round any intermediate values)
Answers: 2
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Now say you invest the $7,500 and the highest interest rate you can find is 4.5% compounded annually...
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