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28 February, 06:31

Tina Turner received a $10,000 gift from her grandfather Ike. She wants to invest the full amount for use as part of a down payment on a house that she plans to purchase in 4 years. What type of computation should she use to determine how much she will have after 4 years? Group of answer choices

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  1. 28 February, 08:06
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    she should use the Future value of single amount to determine how much she will have after 4 years.

    Explanation:

    Tina has single amount of $10000 that will be used in 4 year time to buy a house. So, Tina has to find out the future value of $10000 to find out how much she will be having after the 4 years.
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