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Nata [24]
3 years ago
12

Mathew knows that he will need to buy a new car in 4 years. The car will cost $15,000 by then. How much should he invest now at

10%, compounded quarterly, so that he will have enough to buy a new car? a. $12,340.54 c. $10,104.37 b. $11,269.72 d. $9313.82
Mathematics
2 answers:
Tasya [4]3 years ago
8 0
The answer is C- $10,104.37

alexandr1967 [171]3 years ago
4 0

Answer:

c

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Given:

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Find:

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Computation:

A = P[1+r]ⁿ

Amount after 2 year = 6,000[1 + 3%]²

Amount after 2 year = 6,000[1 + 0.03]²

Amount after 2 year = 6,000[1.03]²

Amount after 2 year = 6,000[1.0609]

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Step-by-step explanation:

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Now if the high and low monthly average temperatures satisfy the inequality, then the , monthly averages are always within 22 degrees of 43°F.

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