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Barbara knows that she will need to buy a new car in 3 years. The car will cost $15,000 by then. How much should she invest now at 8%, compounded quarterly, so that she will have enough to buy a new car?

  • math -

    amount(1.02)^12 = 15000
    amount = 11827.40

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    Thank you:)

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    How did you get that answer

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