student invests $2500 of their wages from their part-time job. They want it to grow to $6000 for a down payment on a car they’re hoping to buy 9 years from now. What annual interest rate, compounded annually would be needed to make this happen?

student invests $2500 of their wages from their part-time job. They want it to grow to $6000 for a down payment on a car they’re hoping to buy 9 years from now. What annual interest rate, compounded annually would be needed to make this happen?

Trigonometry (11th Edition)

11th Edition

ISBN:9780134217437

Author:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

Publisher:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

Chapter1: Trigonometric Functions

Section: Chapter Questions

Problem 1RE: 1. Give the measures of the complement and the supplement of an angle measuring 35°.

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Question

A student invests $2500 of their wages from their part-time job.

They want it to grow to $6000 for a down payment on a car they’re hoping to buy 9 years from now.

What annual interest rate, compounded annually would be needed to make this happen?

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