I want to have $20,000 to buy a car in five years. How much would I have to invest now in a savings account that pays an apr of 3.5% compounded monthly

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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I want to have $20,000 to buy a car in five years. How much would I have to invest now in a savings account that pays an apr of 3.5% compounded monthly 

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