Patricia and Joe Payne are divorced. The divorce settlement stipulated that Joe pay $535 a month for their daughter Suzanne until she turns 18 in 3 years. Interest is 12% a year. How much must Joe set aside today to meet the settlement? (Do not round intermediate calculations. Round your answer to the nearest cent.)
Patricia and Joe Payne are divorced. The divorce settlement stipulated that Joe pay $535 a month for their daughter Suzanne until she turns 18 in 3 years. Interest is 12% a year. How much must Joe set aside today to meet the settlement? (Do not round intermediate calculations. Round your answer to the nearest cent.)
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Patricia and Joe Payne are divorced. The divorce settlement stipulated that Joe pay $535 a month for their daughter Suzanne until she turns 18 in 3 years. Interest is 12% a year. How much must Joe set aside today to meet the settlement? (Do not round intermediate calculations. Round your answer to the nearest cent.)
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