How much should Linda Bryan set aside now to buy equipment that costs ​$8,000 in one​ year? The current interest rate is 0.65​% ​annually, compounded annually.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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How much should Linda Bryan set aside now to buy equipment that costs

​$8,000

in one​ year? The current interest rate is

0.65​%

​annually, compounded annually.

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