Ms. Whodunit needs $10 000 to go on her dream vacation in three years. How much does she need to invest now in an account earning 4.5% annual interest compounded semi-annually?
Ms. Whodunit needs $10 000 to go on her dream vacation in three years. How much does she need to invest now in an account earning 4.5% annual interest compounded semi-annually?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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Ms. Whodunit needs $10 000 to go on her dream vacation in three years. How much does she need to invest
now in an account earning 4.5% annual interest compounded semi-annually?
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