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Pierre wants to buy a used Jeep in seven years he estimates the Jeep will cost $16,000 assume P invest $11,000 now at 8% interest

Pierre wants to buy a used Jeep in seven years he estimates the Jeep will cost $16,000 assume P invest $11,000 now at 8% interest compounded semi-annually

calculate the maturity value of the investment

will Pete have enough money to buy the Jeep at the end of 7 years

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