Emmy wants to save 9000 dollars for a down payment on a car. How much will she need to invest in an account with 9% APR compounded 6 times per year, in order to reach her goal in 4 years? Round your answer to the nearest cent. Submit Question

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...
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Emmy wants to save 9000 dollars for a down payment on a car. How much will she need to invest in an account
with 9% APR compounded 6 times per year, in order to reach her goal in 4 years? Round your answer to the
nearest cent.
Submit Question
Transcribed Image Text:Emmy wants to save 9000 dollars for a down payment on a car. How much will she need to invest in an account with 9% APR compounded 6 times per year, in order to reach her goal in 4 years? Round your answer to the nearest cent. Submit Question
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