jeffrey is saving up for a down payment on a car. he plans to invest $2000 at the end of every year for 4 years. if the interest rate on the account is 2.15% compounding annually, what is the present value of the investment?

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134.6 us dollars

step-by-step explanation:

1 us dollar = 1.33 canadian dollars

so, 150 us dollars = 150 × 1.33 = $199.5.

in canada, the money mitchell spent = 20 canadian dollars.

remaining canadian dollars with him = 199.5 - 20 = 179.5.

after mitchell returned to us, he exchanged the remaining canadian dollars to us dollars.

179.5 canadian dollars = 179.5 × 0.75 = 134.6 us dollars.

c.) 38 blocks

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