Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $21,000 over the next 3 years. What amount must be deposited quarterly into an account that earns 5.4% interest in order to reach your goal? Round your answer to the nearest cent, if necessary.
Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $21,000 over the next 3 years. What amount must be deposited quarterly into an account that earns 5.4% interest in order to reach your goal? Round your answer to the nearest cent, if necessary.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $21,000 over the next 3 years. What amount must be deposited quarterly into an account that earns 5.4% interest in order to reach your goal? Round your answer to the nearest cent, if necessary.
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