You need $15,000 in 3 years for a new car. If you can deposit money...
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You need $ in years for a new car. If you can deposit money into an account that pays an APR of based on daily compounding, how much would you need to deposit? Can you please show how to do it stepbystep instead of using a financial calculator? I attempted to solve this problem using the Present Value Annuity Ordinary equation, but I keep getting it wrong. The answer is $
You need $ in years for a new car. If you can deposit money into an account that pays an APR of based on daily compounding, how much would you need to deposit? Can you please show how to do it stepbystep instead of using a financial calculator? I attempted to solve this problem using the Present Value Annuity Ordinary equation, but I keep getting it wrong. The answer is $
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