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  3. 1) april wants $7,000 saved in 4 years to make a d

1) April wants $7,000 saved in 4 years to make a down payment on a house. How...

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Advance Math

1)

April wants $7,000 saved in 4 years to make a down payment on ahouse. How much money should she invest now at 3.15% compoundedsemiannually in order to meet her goal?

2)

How much will need to be invested at the beginning of every 2months at 7.7% compounded every 2 months, to pay off a debt of$24,000.00 in 5 years?

The every 2 months payments are $. (Round to 2 decimal places.)

Answer & Explanation Solved by verified expert
4.0 Ratings (543 Votes)
Question1future value A7000t4 yearsr315 00315n2 for semiannual    See Answer
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