nance. A person wishes to have $27,100 cash for a new car 4 years from now. How much should be placed in an account now, if the account pays 6.5% annual erest rate, compounded weekly?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 22T
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Finance. A person wishes to have $27,100 cash for a new car 4 years from now. How much should be placed in an account now, if the account pays 6.5% annual
interest rate, compounded weekly?
Transcribed Image Text:Finance. A person wishes to have $27,100 cash for a new car 4 years from now. How much should be placed in an account now, if the account pays 6.5% annual interest rate, compounded weekly?
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