• Home
  • Blog
  • Mike buys a lawn mower that comes with the first two years of maintenance for free. The cost for the third year is $100 dollars and increases by $50…

Mike buys a lawn mower that comes with the first two years of maintenance for free. The cost for the third year is $100 dollars and increases by $50…

0 comments

Mike buys a lawn mower that comes with the first two years of maintenance for free. The cost for the third year is $100 dollars and increases by $50 each year. If he wanted to deposit the costs for the first six years into a savings account which earns an interest of 8% each year, how much should he deposit today?

About the Author

Follow me


{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}