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Jacob is saving up for a down payment on a car. He plans to invest $2,000 at the end of every year for 5 years. If the interest rate on the account is 2.25% compounded annually, what is the present value of the investment? a. $5,666.58 b. $10,461.24 c. $9,358.91 d. $37,731.88

2 Answers

4 votes

Answer: $9,358.91

Step-by-step explanation:

User Ori Dar
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The answer would have to be B

User Nirg
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