Mr. Finks goal is to have $26,000 to start a new lawn mower repair business when he

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Mr. Fink’s goal is to have $26,000 to start a new lawn mower repair business when he retires in 15 years. How much should he invest now in a CD that pays 2% interest compounded quarterly to reach his goal?

Mr. Fink’s goal is to have $26,000 to start a


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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