Jim Roznowski wants to invest some money now to buy a new tractor in the future. If hewants to have ​$250,000 available in 3 ​years, how much does he need to invest now in a CD paying 5.55​% interest...


Jim Roznowski wants to invest some money now to buy a new tractor in the future. If hewants to have ​$250,000 available in 3 ​years, how much does

he need to invest now in a CD paying 5.55​% interest compounded

monthly​?


Jim needs to invest $___ now


Round to the nearest cent if needed



Jun 04, 2022
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