Jillie wants to buy a new car but can't afford it right away. She decides to...
Jillie wants to buy a new car but can't afford it right away. She decides to put away $783 today, $4000 at the end of year two and $4000 at the end of year three. If the interest rate is 6.1% per annum, compounded annually, then the amount she will have in exactly 3 years is closest to:
Select one:
a. $9179.21
b. $9438.09
c. $9682.09
d. $10063.44
Homework Answers
Option A 9179.21
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Jillie wants to buy a new car but can't afford it right away.
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