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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 96
Solve the following exercises and word problems using formulas.
Jorge Rodriguez would like to pay offhis condo when he retires. How much must he invest now at 2.3% interest compounded quarterly to have $125,000 in 11 years? Round to the nearest whole dollar.
Jorge Rodriguez would like to pay offhis condo when he retires. How much must he invest now at 2.3% interest compounded quarterly to have $125,000 in 11 years? Round to the nearest whole dollar.
Explanation
Verified
Verified
Given,
The Compound amount is $125,000, ...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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