8 Used car fof $5,000 in 2 years. How much money should he ask his parents for now so that, if he invests it at 8% cormpounded continuously, he will have enough to buy the car? Jerome should ask for $. (Round to the nearest cent as needed.)

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Jerome will be buying a used car for $5,000 in 2 years. How much money should he ask his parents for now so that, if he invests it at 8% compounded continuously, he will have enough to buy the car?
Jerome should ask for $.
(Round to the nearest cent as needed.)
Enter your answer in the answer bOx and then click Check Answer.
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Transcribed Image Text:Jerome will be buying a used car for $5,000 in 2 years. How much money should he ask his parents for now so that, if he invests it at 8% compounded continuously, he will have enough to buy the car? Jerome should ask for $. (Round to the nearest cent as needed.) Enter your answer in the answer bOx and then click Check Answer. All parts showing Clear All Check An MacBook Air %23 2 3 IT Q tab F K A caps lock C V B shift MOSISO command option command control
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Transcribed Image Text:20 Pz Ae-rt ミ 50De 0- 08(3) 85000ex-0-lo
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