Mathematics, 10.07.2021 01:10 drepeter86

(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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(25 POINTS)Please help me, and show all of your work step by step. Now say you invest $6,500 and th...

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