Jim wants to invest some money now to buy a new tractor in the future. If he
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Jim wants to invest some money now to buy a new tractor in the future. If he wants to have $276,000 available in 5 years, how much does he need to invest now in a CD paying 3.6% interest compounded monthly?
If necessary, round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.
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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
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