MATTILMATICAL ASSOCIATION OF AMERICA ple and Compound Interest / 12 Previous Problem Problem List Next Problem HW 20 Simple and Compound Interest: Problem 12 (2 points) In 6 months, Alex will need $1,530.00 to pay her college tuition. How much does she need to invest today into an account earning an an interest rate of 6.392% compounded monthly, so that she has enough money to pay her tuition? The amount Alex needs to invest is (Note: Your answers should include a dollar sign and be accurate to two decimal places) Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Page generated at 05/04/2024 at 02:42pm EDT WeBWorK 1896-2022 theme: math4-green | ww.version: 2.171pgersion 2.17 The WaßWork Project
MATTILMATICAL ASSOCIATION OF AMERICA ple and Compound Interest / 12 Previous Problem Problem List Next Problem HW 20 Simple and Compound Interest: Problem 12 (2 points) In 6 months, Alex will need $1,530.00 to pay her college tuition. How much does she need to invest today into an account earning an an interest rate of 6.392% compounded monthly, so that she has enough money to pay her tuition? The amount Alex needs to invest is (Note: Your answers should include a dollar sign and be accurate to two decimal places) Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Page generated at 05/04/2024 at 02:42pm EDT WeBWorK 1896-2022 theme: math4-green | ww.version: 2.171pgersion 2.17 The WaßWork Project
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:MATTILMATICAL ASSOCIATION OF AMERICA
ple and Compound Interest / 12
Previous Problem Problem List Next Problem
HW 20 Simple and Compound Interest: Problem 12
(2 points)
In 6 months, Alex will need $1,530.00 to pay her college tuition. How much does she need to invest today into an account earning an an interest rate of 6.392% compounded monthly, so that she
has enough money to pay her tuition?
The amount Alex needs to invest is
(Note: Your answers should include a dollar sign and be accurate to two decimal places)
Preview My Answers
Submit Answers
You have attempted this problem 0 times.
You have unlimited attempts remaining.
Page generated at 05/04/2024 at 02:42pm EDT
WeBWorK 1896-2022 theme: math4-green | ww.version: 2.171pgersion 2.17 The WaßWork Project
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