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Jerome will be buying a new car for $15,000 in 3 years. How much money should he ask his parents for now, so that if he invests it at 5% compounded continuously, he will have enough to buy a car?
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Jerome will be buying a new car for $15,000 in 3 years. How much money should he ask his parents for now, so

that if he invests it at 5% compounded continuously, he will have enough to buy a car?

User Worakarn Isaratham
by
4.7k points

1 Answer

3 votes

Explanation:

15000-15% =14250

the answer is 750

User Ozcanyarimdunya
by
5.0k points
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