Mathematics, 28.03.2021 20:40, AniyaT05

Adam wishes to have $21 comma 000 available in 22

years to purchase a new car for his son as a gift for his college

graduation. To accomplish this goal, how much should Adam invest now in a CD that pays 1.78
%
interest compounded semiannually
? round to the nearest cent as needed

Answers: 3

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Adam wishes to have $21 comma 000 available in 22

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Adam wishes to have ​$21 comma 000 available in 22 years to purchase a new car for his son as a gift for his college graduation. To accomplish this​ goal, how much should Adam invest now in a CD that pays 1.78 ​% interest compounded semiannually ​? round to the nearest cent as needed

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Adam wishes to have $21 comma 000 available in 22

years to purchase a new car for his son as a gift for his college

graduation. To accomplish this goal, how much should Adam invest now in a CD that pays 1.78
%
interest compounded semiannually
? round to the nearest cent as needed