Mathematics, 07.10.2020 19:01, dayantapia2007

Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $250,000 available in 7 years, how much does she need to invest now in a CD paying 4.75% interest compounded monthly?
Jane needs to invest $now.
(Round to the nearest cent as needed.)

Answers: 2

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Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $250,000 available in 7 years, how much does she need to invest now in a CD paying 4.75% interest compounded monthly? Jane needs to invest $now. (Round to the nearest cent as needed.)

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Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $250,000 available in 7 years, how much does she need to invest now in a CD paying 4.75% interest compounded monthly?
Jane needs to invest $now.
(Round to the nearest cent as needed.)