Raja would like to save $80,000 to buy a new Chris Craft Silver Bullet boat in 5
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Raja would like to save $80,000 to buy a new Chris Craft Silver Bullet boat in 5 years. To accumulate $80,000 in 5 years, how much should Raja invest quarterly in a sinking fund with a 3.6% interest rate compounded quarterly?
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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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