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Myrna Lewis wishes to have $4,000 in four years to tour Europe. How much must she invest today at 8% interest compounded
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$500 in 15 years at 8% annual interest compounded semiannually.
P = $500 Time = 30 years Rate = 4% $500(1+.08/2)^(2*15) =
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$1,000 in seven years at 8% compounded quarterly.
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