Bobby Nelson is hoping to buy a sports car in 6 years. He has set up a

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Bobby Nelson is hoping to buy a sports car in 6 years. He has set up a sinking fund earning 3%, compounded quarterly. If the car he wants will cost $9,200, what amount should his quarterly deposit be.

In order for him to have enough to buy the car in 6 years?

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 11, 2023 12:15 AM

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Bobby Nelson is hoping to buy a sports car in 6 years. He has set up a

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Personal Finance

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