Question
Ingrid wants to buy a $ 16,000 car in 6 years. How much money must she deposit at the end of each quarter in an
Ingrid wants to buy a $16,000 car in 6 years. How much money must she deposit at the end of each quarter in an account paying 5.4% compounded quarterly so that she will have enough to pay for hercar?
How much money must she deposit at the end of eachquarter?
$______(Round to the nearest cent asneeded.)
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Linear Algebra and Its Applications
Authors: David C. Lay
4th edition
321791541, 978-0321388834, 978-0321791542
