Problem #2-You want to accumulate $12,500 in 4yrs have an investment paying 7.25%/ to buy a car. If you interest compounded monthly. how much in a sinking Fund to reach your goal. should you deposit

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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Question
100 SHEETS
AL
RULED
Problem #2- you want to accumulate $12,500 in 4yrs
to buy
a car. If you have an investment paying 7.25%/
interest compounded monthly. how much should you deposit
in a sinking Fund to reach your goal.
Transcribed Image Text:100 SHEETS AL RULED Problem #2- you want to accumulate $12,500 in 4yrs to buy a car. If you have an investment paying 7.25%/ interest compounded monthly. how much should you deposit in a sinking Fund to reach your goal.
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