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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 60
Samantha Wimberly is planning a vacation in Europe in 4 years, after graduation. She estimates that she will need $3,500 for the trip.
a. if her bank is offering 4-year certificates of deposit with 8% interest compounded quarterly, how much must Samantha invest now to have the money for the trip
b. How much compound interest will be earned on the investment
a. if her bank is offering 4-year certificates of deposit with 8% interest compounded quarterly, how much must Samantha invest now to have the money for the trip
b. How much compound interest will be earned on the investment
Explanation
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Samantha Wimberly is planning a vacation...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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