(25 points)please help me, and show all of your work step by step. now say you invest $6,500 and the highest interest rate you can find is 2.5% compounded annually, but you would have to leave this 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 price of $8,000? use the compound interest formula a = p(1 + i)^n. a = accumulated amount p = principle i = interest rate n = number of years
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Category: chemistry |
Author: Abraham Uilleam
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