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Unformatted text preview: b) At 14% compounded monthly c) At 14% compounded daily #34) Ramero plans to buy a new cart three years from now. Rather than borrow at that time, he plans to invest part of a small inheritance at 7.5% compounded semiannually to cover the estimated $6000 trade-in difference. How much does he need to invest if he starts investing now? #40) How many years will be required to turn $10,000 in to $25,000 if the interest rate is 8% compounded quarterly?...
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- Spring '08