Jujuba D.

asked • 01/29/21

Probability and statistics: Finances

I need help with this question for my probability and statistics class. I have no idea how to solve this.

Question:


How much must be invested in an account paying 5% APR (annual percentage rate) compounded annually if you want to buy a $300,000 house in 7 years?



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.