Jackie rich would like to buy a 42000 toyota hybrid car in, Ask an Expert

Finance

Jackie Rich would like to buy a $42,000 Toyota hybrid car in 5 years. Jackie wants to put the money aside now. Jackie's bank offers 8% interest compounded semiannually.

How much must Jackie invest today? (Do not round intermediate calculations. Round your answer to the nearest cent.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92795948

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