Cheryl wants to save for a car. She has $4050 in a savings

Last updated: 7/26/2022

Cheryl wants to save for a car. She has $4050 in a savings account earning 2.2% compounded quarterly. If Cheryl has four years until she gets her driver's license, will she have enough to buy a used car that costs $4500? If not, how much more does she need?