For example: Kristen needs to make house repairs in four years that will cost $9000. She has some money in an account that earns 7% annual interest. How much money needs to be in the account today so she will be able to pay for the repairs in 4 years?
A. 7,347
B. 5,880
C. 6,866
D. 6,376
E. 6,417
Thanks.How do you figure out annual interest?
C can barely make it
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment