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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 103
Solve the following word problems by using Table 11-1 or 11-2. When necessary, create new table factors. Round dollars to the nearest cent and percents to the nearest hundredth of a percent.
Bob and Joy Salkind want to save $50,000 in 5
years for home improvement projects. If the Bank of Aventura is paying 8% interest compounded quarterly, how much must they deposit now to have the money for the project?
Bob and Joy Salkind want to save $50,000 in 5
years for home improvement projects. If the Bank of Aventura is paying 8% interest compounded quarterly, how much must they deposit now to have the money for the project?Explanation
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Given,
B and JS want to save $50,000 (i....
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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