Question
Jackie Rich would like to buy a $42,000 Toyota hybrid car in 5 years. Jackie wants to put the money aside now. Jackies bank offers
| Jackie Rich would like to buy a $42,000 Toyota hybrid car in 5 years. Jackie wants to put the money aside now. Jackies bank offers 8% interest compounded semiannually. |
| How much must Jackie invest today? (Do not round intermediate calculations. Round your answer to the nearest cent.) |
| Investment | $ |
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Finance And Modernization
Authors: Gerald D. Feldman, Peter Hertner
1st Edition
0754662713, 978-0754662716
