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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 84
Solve the following word problems by using Table 11-2.
Pinnacle Homes, a real estate development company, is planning to build five homes, each costing $125,000, in 2 1 2 years. The Galaxy Bank pays 6% interest compounded semiannually. How much should the company invest now to have sufficient funds to build the homes in the future?
Pinnacle Homes, a real estate development company, is planning to build five homes, each costing $125,000, in 2 1 2 years. The Galaxy Bank pays 6% interest compounded semiannually. How much should the company invest now to have sufficient funds to build the homes in the future?
Explanation
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Pinnacle homes, a real estate developmen...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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