Find an Online Tutor Now

Sean M.

asked • 10/10/20

A person wishes to have $21,900 cash for a new car 3 years from now. How much should be placed in an account​ now, if the account pays 4.9% annual interest​ rate, compounded​ weekly?

A person wishes to have $21,900 cash for a new car 3 years from now. How much should be placed in an account​ now, if the account pays 4.9% annual interest​ rate, compounded​ weekly?


$ ______ (round to nearest dollar)

2 Answers By Expert Tutors

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.