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Earl miller, owner of a papa gino's franchise, wants to buy a new delivery truck in 6 years. he estimates the truck will cost $30,000. if earl invests $20,000 now at 5% interest compounded semiannually, will earl have enough money to buy his delivery truck at the end of 6 years?

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OBSIDIAN2916GO

Answer: No. He only gets 12000 dollars in 6 years

Step-by-step explanation:

5 percent of 20000 is 1000 which means he gets 1000 dollars 2 times a year. He has 6 years so 6x2= 12.

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