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kickykhalil kickykhalil
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9 months ago

Al Miler, the owner of Al's Garage, estimates that he will need $29,000 for new equipment in 15 years. Al decides that he will put aside the money now so that in 15 years the $29,000 will be available. His bank offers him 10% interest compounded semiannually. Al must invest today:



▸

$6,709.95



▸

$6,942.60



▸

$6,701.60



▸

$11,600

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
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sillysquirrelsillysquirrel
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9 months ago
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kickykhalil Author
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9 months ago
Helped a lot
Gamiung3657
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Yesterday
this is exactly what I needed
MLynneMcMillan
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2 hours ago
Smart ... Thanks!
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