# math

posted by .

Barbara knows that she will need to buy a new car in 4 years. The car will cost \$15,000 by then. How much should she invest now at 10%, compounded quarterly, so that she will have enough to buy a new car? Round to the nearest cent

• math -

Amount = Principal(1 + i)^n
15000 = Princ(1 + .1/4)^16

I got \$10104.37
The text contains a mathematical question about calculating the amount of money that needs to be invested now to afford a car in the future, and it also provides an answer to this question.
single_question_with_answer
Given a text passage, determine:
    1. If it contains a mathematical question (including word problems or calculations)
    2. If an answer to that mathematical question is provided in the text

First, describe the content structure you found in 1-2 sentences.

Then provide your analysis in the following format:
TYPE: <one of the following values>
- NO_QUESTION
- SINGLE_QUESTION
- SINGLE_QUESTION_WITH_ANSWER
- MULTIPLE_QUESTIONS
- MULTIPLE_QUESTIONS_WITH_ANSWERS
system
# math

posted by .

Barbara knows that she will need to buy a new car in 4 years. The car will cost \$15,000 by then. How much should she invest now at 10%, compounded quarterly, so that she will have enough to buy a new car? Round to the nearest cent

• math -

Amount = Principal(1 + i)^n
15000 = Princ(1 + .1/4)^16

I got \$10104.37
user
The text contains a mathematical question about calculating the amount of money that needs to be invested now to afford a car in the future, and it also provides an answer to this question.

TYPE: SINGLE_QUESTION_WITH_ANSWER