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Pete Air wants to buy a used Jeep in 7 years. He estimates the Jeep Will cost $16,500. Assume Pete invests $11,500 now at 10%

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Pete Air wants to buy a used Jeep in 7 years. He estimates the Jeep Will cost $16,500. Assume Pete invests $11,500 now at 10% interest compounded semiannually a. Calculate the maturity value of the investment. (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Maturity value $|| b. Will Pete have enough money to buy the jeep at the end of 7 years? Yes O No

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