Answered: in c) Linda needs $10,000 in 4 years to…

in c) Linda needs $10,000 in 4 years to use as a down payment on a house. She has $6830 to invest today. What amount of interest does she need to earn to make this happen?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 6R

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c) Linda needs $10,000 in 4 years to use as a down payment on a house. She has
$6830 to invest today. What amount of interest does she need to earn to make this
happen?

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