Monique G.

asked • 04/18/20

how much should jerome ask for?

Jerome will be buying a used car for ​$5,000 in 3 years. How much money should he ask his parents for now so​ that, if he invests it at 5​% \compounded continuously​, he will have enough to buy the​ car?

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.