How much money

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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How much money should be invested every quarter at 5% per year, compounded quarterly, in order to have $6000 in 7 years? (Round your answer to the nearest cent.)

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