3) Yaling decides that she wants to purchase a car in 5 years that will cost her $25,000. She is going to invest money today at a 3% interest rate from her local bank. The bank pays the interest monthly. How much does Yaling need to invest today in order to have $25,000 in five year

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Yaling needs to invest 2152173 today to have 25000 in five years Heres how we can calc... View the full answer