To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi-
annually?
Transcribed Image Text:To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?
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