Adam wishes to have ​$19,000 available in 22 years to purchase a new car for his son as a gift for his college graduation. To accomplish this​ goal, how much should Adam invest now in a CD that pays...


Adam wishes to have ​$19,000 available in 22 years to purchase a new car for his son as a gift for his college graduation. To accomplish this​ goal, how much should Adam invest now in a CD that pays 1.86​% interest compounded

monthly​?


Adam should invest $___ now


Round to the nearest cent as needed



Jun 04, 2022
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