Mathematics, 12.04.2020 17:12, scholar13

James knows that he eventually wants to buy a motorcycle, and the model he has in mind costs $5,000. He has found a bank that will let him open a saving account with 7% interest that is compounded monthly. If he wants to buy his motorcycle in 5 years (he's still nervous), how much money should he invest in the account now

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James knows that he eventually wants to buy a motorcycle, and the model he has in mind costs $5,000....