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 11eb7a74_7e7b_594a_b1cd_2f667f48c009_SM2245_00 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?

Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman

النسخة 7الرقم المعياري الدولي: 978-1285448596

Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman

النسخة 7الرقم المعياري الدولي: 978-1285448596

تمرين 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?

التوضيح

موثّق

Given,
B and JS want to save $50,000 (i....