Solution-How much money would alysha need to have

How much money would alysha need to have

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Problem - After living in a university residence for one year, Alysha decides to rent an apartment for the remaining three years of her degree. She has found a nice location that will cost $880 per month. Rent for the ?rst and last month must be paid up front. How much money would Alysha need to have in her bank account right now to be sure she will always have enough for rent? The bank account pays 4.5 percent interest, compounded monthly.

Reference no: EM133027732

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How much money would alysha need to have

Reference no: EM133027732

Reference no: EM133027732

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