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Exercise D9-3 Margaret wants to buy a car wier she graduates from Central University 6 years frum now. She believes that she will need $29,200
Exercise D9-3 Margaret wants to buy a car wier she graduates from Central University 6 years frum now. She believes that she will need $29,200 to buy the car. a Calculate ho O decinal much money Margaret must put into her savings account today to have29 200 in 6 years, assuming she can earn 12% conpounded annually, final answrer to 0 decimal place, e.g. 58,975.) Amount (b) Calculate how much money Margaret must put into her savings account today to have $29,200 in 6 years, assuming she can earn 12% Forcalc ulation purposes, use 4 dec maf laces s isplay es as displayed in the llr the actor table provided actor labie ruun final answer to 0 decimal place, e.g. 58,975.) today to h compounde d semiannually. (For calculatlon purposes, use 4 decimal places as displayed In the factor toble provided Amount the factor and round
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