Answer to Question #98031 in Finance for Amanda

Question #98031
After living in a university residence for one year, Amanda decides to rent an apartment for the remaining three years of her degree. She has found a nice location that will cost $541 per month. Rent for the first and last month must be paid up front.

How much money would Amanda need to have in her bank account right now to be sure she will always have enough for rent? The bank account pays 9.3 percent interest, compounded monthly.
1
Expert's answer
2019-11-07T10:06:10-0500
Dear Amanda, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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