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Asked by Anoymous

rosa needs $4,000in three years to make a down payment on a car how much must she invest today is she reeceives 0.5% interest annually compounded annually.
10 years ago

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Answered by Reiny
P(1.005)^3 = 4000
P = 4000/(1.005)^3
= 3940.60
10 years ago
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rosa needs $4,000in three years to make a down payment on a car how much must she invest today is she reeceives 0.5% interest annually compounded annually.

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