Provide an appropriate response.
-How much should you invest now at 6% compounded semiannually to have $8,500 to buy a car in 2.5 years?
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Q18: Convert the given interest rate to decimal
Q19: Use the formula A = P(1 +
Q20: Solve the problem. Round dollar amounts to
Q21: Provide an appropriate response.
-An investment company pays
Q22: Provide an appropriate response.
-If an investor buys
Q24: Find the compound interest earned. Round to
Q25: Find the compound amount for the deposit.
Q26: Use the average daily balance method to
Q27: Find the compound amount for the deposit.
Q28: Solve the problem. Assume that the minimum
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