subject
Mathematics, 02.07.2021 20:20 kukisbae

Sarah wants to save $20,000 to use for a down payment on a home. She deposits some money into a 4-year certificate of deposit (CD) with an annual interest rate of 4.5% compounded monthly. How much does Sarah need to deposit in the CD to reach her goal of having $20,000 in 4 years? Round your final answer to the nearest dollar. Hint: Use the formula PV=frac(S, sup((1+i),n)).

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
The following graph shows the consumer price index (cpi) for a fictional country from 1970 to 1980? a.) 1976 - 1978b.) 1972 - 1974c.) 1974 - 1976d.) 1978 - 1980
Answers: 1
question
Mathematics, 21.06.2019 20:30
Find the value of x. give reasons to justify your solutions! c ∈ ae
Answers: 1
question
Mathematics, 21.06.2019 21:00
Rewrite the following quadratic functions in intercept or factored form. show your work. y = x^2 + 7x + 10
Answers: 2
question
Mathematics, 22.06.2019 02:30
Paper plates cost $8 per package and plastic utensils cost $5 per package. your supplier delivers 15 packages for a total cost of $90.
Answers: 1
You know the right answer?
Sarah wants to save $20,000 to use for a down payment on a home. She deposits some money into a 4-ye...
Questions
question
Spanish, 16.05.2020 19:57
question
Mathematics, 16.05.2020 19:57
question
Mathematics, 16.05.2020 19:57
Questions on the website: 13722367