Elisa is a freshman in high school and would like to have $15,000 in 4 years to
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Elisa is a freshman in high school and would like to have $15,000 in 4 years to buy a car for college. How much should she invest monthly in a sinking fund with a 6% interest rate compounded monthly to accumulate $15,000 in 4 years?
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Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Question Posted:
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