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Mike Gioulis would like to have 29,000 in 3 years to pay off a balloon payment on his business mortgage. His money market account is
Mike Gioulis would like to have 29,000 in 3 years to pay off a balloon payment on his business mortgage. His money market account is paying 1.825% compounded daily. Disregarding leap years, how much money (in $) must Mike put in his account now to achieve his goal? Round to the nearest whole dollar
NOTE - I asked this questiom already now i have to waste another question because the experts got it wrong
NOTE - the answer IS NOT
27,384
27,395
27,396
all of these were wrong according to the computer please help
thank you
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