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4 votes
John wants to buy a new sports car, and he estimates that he'll need to make a $3,250.00 down payment towards his purchase. if he has 27 months to save up for the new car, how much should he deposit into his account if the account earns 5.598% compounded continuously so that he may reach his goal?

asked
User Vinh VO
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7.9k points

1 Answer

4 votes
your answer should be 4650.04
answered
User Joest
by
7.9k points

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