How much money should be invested in an account that earns 6% interest, compounded quarterly, in order to have $8,000 in 3 years? Round to the nearest cent. ​     $6,691.10     $6,685.16     $9,564.95     $6,779.66     $6,716.95

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 35PT
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How much money should be invested in an account that earns 6% interest, compounded quarterly, in order to have $8,000 in 3 years? Round to the nearest cent.

   

$6,691.10

   

$6,685.16

   

$9,564.95

   

$6,779.66

   

$6,716.95

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