kmalcom67 kmalcom67

23-03-2024
Mathematics

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Pete Air wants to buy a used Jeep in 3 years. He estimates the Jeep will cost $15,600. Assume Pete invests $10,600 now at 8%
interest compounded semiannually.
a. Calculate the maturity value of the investment. (Use the Table 12.1 provided.)
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
Maturity value

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