How much should you invest now at 10% to have $8,000 toward the purchase of a car

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How much should you invest now at 10% to have $8,000 toward the purchase of a car in 5 years if interest is

(A) compounded quarterly?

(B) compounded continuously?

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Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Dec 17, 2023 01:05 AM

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How much should you invest now at 10% to have $8,000 toward the purchase of a car

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A We are given a future value A 8000 for a compound interest investment and we need to find the ...View the full answer

Finite Mathematics For Business Economics Life Sciences And Social Sciences

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