4-133. After Enricos car is paid off, he plans to continue setting aside the amount of his...

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4-133. After Enrico’s car is paid off, he plans to continue setting aside the amount of his car payment to accumulate funds for the car’s replacement. If he invests this amount at a rate of 3% compounded monthly, how much will he have saved by the end of the initial 10-year period? (4.17)

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Engineering Economy

ISBN: 9780134870069

17th Edition

Authors: William Sullivan, Elin Wicks, C Koelling

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