Mathematics, 09.06.2020 13:57 axleon11
Sally has an agreement with her uncle to purchase his apartment in 4 years' time for $155 000.
She can save $55000 during that period from her weekly pay. To raise the rest of the money,
she must invest from her current savings at a fixed rate of 8.75% p. a. compounded annually.
How much does she need to invest now to ensure she has the money needed?
Answers: 3
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Sally has an agreement with her uncle to purchase his apartment in 4 years' time for $155 000.
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