79.6k views
4 votes
John wants to buy a new sports car, and he estimates that he'll need to make a $3,250.00 down payment towards his purchase. if he has 27 months to save up for the new car, how much should he deposit into his account if the account earns 5.598% compounded continuously so that he may reach his goal?

User Vinh VO
by
7.9k points

1 Answer

4 votes
your answer should be 4650.04
User Joest
by
7.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.