Kurt wants to buy a $30,000 truck. He has saved $27,000. Find the number of years (to
Question:
Kurt wants to buy a $30,000 truck. He has saved $27,000. Find the number of years (to the nearest tenth) it will take for his $27,000 to grow to $30,000 at 4% interest compounded quarterly.
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Step by Step Answer:
We can use the formula for compound interest to solve this problem A P1 rnn...View the full answer
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Related Book For 
Essentials Of College Algebra
ISBN: 9780134697024
12th Edition
Authors: Margaret Lial, John Hornsby, David Schneider, Callie Daniels
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