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Mathematics, 02.11.2020 04:40 klslaughter07

Part 3: Now say you invest the $6,500 and the highest interest rate you can find is 2.5% compounded annually, but you would have to leave the investment in the account for a minimum of 5 years. If you decide to wait 5 years to buy the car, how much more money will you have to save to buy a' car at the $8,000 price? Use the compound interest formula A = P (1 + i)". (Round final answer to the nearest cent, but otherwise don't round any intermediate values please show work

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Part 3: Now say you invest the $6,500 and the highest interest rate you can find is 2.5% compounded...

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