4. john payer, owner of payer's garage, estimates he will need $55,000 for
new equipment in 8 y...
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Business, 06.08.2019 05:20 sallonquarts
4. john payer, owner of payer's garage, estimates he will need $55,000 for
new equipment in 8 years. john decided he would put aside the money now
so that in 8 years the $55,000 will be available. his bank offers him 8%
interest compounded semiannually. how much will john invest today so his
account will have $55,000 in 8 years? check your answer.
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Answers: 3
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