Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $21,000$21,000 over the next 66 years. What amount must be deposited quarterly into an account that earns 4.3%4.3% interest, compounded quarterly, 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$21,000 over the next 66 years. What amount must be deposited quarterly into an account that earns 4.3%4.3% interest, compounded quarterly, in order to reach your goal? Round your answer to the nearest cent, if necessary.
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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Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $21,000$21,000 over the next 66 years. What amount must be deposited quarterly into an account that earns 4.3%4.3% interest, compounded quarterly, in order to reach your goal? Round your answer to the nearest cent, if necessary.
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