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Jenny wants to buy a car by making payments of $120 per month in an account for three years. If her bank account is giving her 2.4% interest rate per year, compounded monthly. How much money will Jenny
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2 votes
Jenny wants to buy a car by making payments of $120 per month in an

account for three years. If her bank account is giving her 2.4% interest rate

per year, compounded monthly. How much money will Jenny have to buy a

car.

User Aayush Anand
by
7.8k points

1 Answer

2 votes
103,680 dollars to buy the car
User Sydney Loteria
by
8.2k points
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