question archive Earl Miller, owner of a Papa Gino’s franchise, wants to buy a new delivery truck in 6 years
Earl Miller, owner of a Papa Gino’s franchise, wants to buy a new delivery truck in 6 years
Subject:MathPrice: Bought3
Earl Miller, owner of a Papa Gino’s franchise, wants to buy a new delivery truck in 6 years. He estimates the truck will cost $30,000. If Earl invests $20,000 now at 5% interest compounded semiannually, will Earl have enough to buy his delivery truck at the end of 6 years?
