Jim wants to invest some money now to buy a new tractor in the future. If he

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Jim wants to invest some money now to buy a new tractor in the future. If he wants to have $276,000 available in 5 years, how much does he need to invest now in a CD paying 3.6% interest compounded monthly?

If necessary, round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 28, 2019 05:55 AM

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