Afiqah A.

asked • 12/08/20

Help me solve this problem

Jasmine wants to go to a university to complete a course in four years’ time. She estimates that she needs $40,000 to finish the course. How much must she invested in a bank every month for the next four years at 9% compounded monthly to accumulate the stated amounts? How much interest she earned?    

1 Expert Answer

By:

Jason M. answered • 12/16/20

Tutor
5 (20)

Corporate Banking Analyst with degree in Finance & Data Analytics

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.