Brendan needs $12 000 in 3 years for college. How much must he invest today at 8.9%, compounded
Brendan needs $12 000 in 3 years for college. How much must he invest today at 8.9%, compounded
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...
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Transcribed Image Text:Brendan needs $12 000 in 3 years for college. How much must he invest today at
8.9%, compounded
annually?
Enter a numeric value only, rounded to 2 decimals places. An answer of $100 should
be entered as 100.00.
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