in a five years you need 40000 to pay a debt. in three more years , you need 60000 to pay a second debt. how much should you put in the bank today to meet these two needs if the bank pays 10.5% per year

in a five years you need 40000 to pay a debt. in three more years , you need 60000 to pay a second debt. how much should you put in the bank today to meet these two needs if the bank pays 10.5% per year

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...

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