Inez wants to have $14,750 in 5 years. Use the present value formula to calculate how much Inez should invest now at 4% interest, compounded quarterly in order to reach her goal.
$11,800.00$12,080.30 $12,088.28$12,123.42
Inez wants to have $14,750 in 5 years. Use the present value formula to calculate how much Inez should invest now at 4% interest, compounded quarterly in order to reach her goal.
$11,800.00$12,080.30 $12,088.28$12,123.42