Solve in digital format 3. A company has a debt of $ 60,000, to be paid within six months. To ensure that you will have that amount available, you decide to make a deposit in a bank that offers an annual interest rate of 19% compounded bimonthly. How much should you deposit today?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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3. A company has a debt of $ 60,000, to be paid within six months. To ensure that you will have that amount available, you decide to make a deposit in a bank that offers an annual interest rate of 19% compounded bimonthly. How much should you deposit today?

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