Question
John wants to buy a new sports car, and he estimates that he'll need to make a $2,625.00$2,625.00 down payment towards his purchase. If he
John wants to buy a new sports car, and he estimates that he'll need to make a $2,625.00$2,625.00 down payment towards his purchase. If he has 2626 months to save up for the new car, how much should he deposit into his account if the account earns 2.664%2.664% compounded continuously so that he may reach his goal?
John needs to deposit
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
