Question
You can affordmonthly depositsof $500 into an account that pays 9% compounded monthly. How many months will it be until you have $25,000 to buy
You can affordmonthly depositsof $500 into an account that pays 9% compounded monthly. How many months will it be until you have $25,000 to buy a car? Select the formula you would use to solve this problem.
| 25000=500(((1+.0075)^n -1)/.0075) |
| 500=250000(((1+.0075)^n -1)/.0075) |
| 25000=500(((1+.09)^n -1)/.09) |
| 25000=500((1-(1+.0075)^n))/.0075) |
| 25000=500(1+.0075)^n |
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
