Rosa Burnett needs $7,000 in three years to make the down payment on a new car. How much must she invest today if she receives 0.5​% interest​ annually, compounded annually​?

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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Rosa Burnett needs

$7,000

in three years to make the down payment on a new car. How much must she invest today if she receives

0.5​%

interest​ annually, compounded

annually​?
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