Miranda wants to open a flower shop in four years after

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Miranda wants to open a flower shop in four years. After completing her planning process, Miranda estimates she will need $50,000 to start her business. How much money must she set aside today if she can earn 6 percent compounded semiannually?

Kylee is 22 years old and just finished college. She would like to purchase a house by the time she turns 30. If she put aside $2,500 each quarter starting today and earned an interest rate of 8 percent, how much money will Kylee have available for a down payment?

Reference no: EM13566798

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