Answered: If Gabriel wants to accumulate $ 20,000…

If Gabriel wants to accumulate $ 20,000 in 6 years to buy a car, how much would he need to invest today at 5 4 % /a compounded semi-annually?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...

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If Gabriel wants to accumulate $ 20,000 in 6 years to buy a car, how much
would he need to invest today at 5 % % / a compounded semi-annually? *

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