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Posted on Jul 24, 2024

Pete Air wants to buy a used Jeep in 4 years. He estimates the Jeep will cost $ 1 5 , 2 0 0 .

Pete Air wants to buy a used Jeep in

4

years. He estimates the Jeep will cost $

15, 200 .

Assume Pete invests $

10, 200

now at

8 %

interest compounded semiannually.

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