33.9k views
12 votes
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)

1 Answer

4 votes

the answer is a i hope this helps

Explanation:

hope this helps

User Prola
by
8.4k points

No related questions found

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

9.4m questions

12.2m answers

Categories