How much should you invest now at 10% to have $8,000 toward the purchase of a car
Question:
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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A We are given a future value A 8000 for a compound interest investment and we need to find the ...View the full answer
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Related Book For
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
Question Posted:
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