Jasica Parker would like to have $46,000 to buy a new car in 7 years. To accumulate $46,000 in 7 years, how much should she invest monthly in a sinking fund with 3% interest compounded monthly? The...


Jasica Parker would like to have $46,000 to buy a new car in 7 years. To accumulate $46,000 in 7 years, how much should she invest monthly in a sinking fund with<br>3% interest compounded monthly?<br>The monthly invested payment is $<br>(Round up to the nearest cent.)<br>

Extracted text: Jasica Parker would like to have $46,000 to buy a new car in 7 years. To accumulate $46,000 in 7 years, how much should she invest monthly in a sinking fund with 3% interest compounded monthly? The monthly invested payment is $ (Round up to the nearest cent.)

Jun 04, 2022
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