Jerome will be buying a used car for ​$8,000 in 3 years. How much money should he ask his parents for now so​ that, if he invests it at 6​% compounded continuously​, he will have enough to buy the​ car? Jerome should ask for $?. ​(Round to the nearest cent as​ needed.)

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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Jerome will be buying a used car for ​$8,000 in 3 years. How much money should he ask his parents for now so​ that, if he invests it at 6​% compounded continuously​, he will have enough to buy the​ car?
Jerome should ask for $?. ​(Round to the nearest cent as​ needed.)
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