Raya is savıng OMR 21000 for the car in three years. How much will he have to invest today in an account paying 8 percent annually to achieve his target

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.5: Solve Linear Inequalities
Problem 2.118TI: Elliot has a landscape maintenance business. His monthly expenses are $1,100. If he charges $60 per...
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Raya is saving for a new car. He needs to have
OMR 21000 for the car in three years. How
much will he have to invest today in an
account paying 8 percent annually to achieve
his target
Select one:
a. 17107.50 OMR
O b. 22680.80 OMR
O c. 16670.48 OMR
O d. None of these
Transcribed Image Text:Raya is saving for a new car. He needs to have OMR 21000 for the car in three years. How much will he have to invest today in an account paying 8 percent annually to achieve his target Select one: a. 17107.50 OMR O b. 22680.80 OMR O c. 16670.48 OMR O d. None of these
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