paying 15.5%

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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A man need ₱250,000 at the end of 3 years, how much money must he deposit quarterly in an investment paying 15.5% compounded quarterly in order to accumulate such money?
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