Kyle wants to buy a car for $7400 in 2 years and 7 months time. How much

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Kyle wants to buy a car for $7400 in 2 years and 7 months time. How much does he have to invest today at j4 = 4% using the:

(a) exact method

(b) practical method

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: May 04, 2023 04:07 AM

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Kyle wants to buy a car for $7400 in 2 years and 7 months time. How much

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To solve this problem using the exact method we need to use the present value formula for a single p... View the full answer

Personal Finance

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