Question
Scott is saving for a down payment to buy a house. The account earns 7.7% Interest compounded semi-annually, and he wants to have $10,000 in
Scott is saving for a down payment to buy a house. The account earns 7.7% Interest compounded semi-annually, and he wants to have $10,000 in 5 years. What must his principal be? Round your answer to the nearest cent and do not include the dollar sign. Do not round at any other point in the solving process; only round your answer.
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Precalculus
Authors: Braja M Das, David Cohen, Theodore B Lee, David Sklar
7th Edition
1133386482, 9781133386483
