SOLUTION: I wnat to buy a car that cost $32,000 in 3 years. My bank pays 3% interest in my saving account How much will I have to put in today to have the $32,000 in three years? love05@cox

SOLUTION: I wnat to buy a car that cost $32,000 in 3 years. My bank pays 3% interest in my saving account How much will I have to put in today to have the $32,000 in three years? love05@cox

Algebra.Com

Question 395585: I wnat to buy a car that cost $32,000 in 3 years. My bank pays 3% interest in my saving account How much will I have to put in today to have the $32,000 in three years?
love05@cox.net
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
32000=P(1.03)^3
P=32000/1.09273
P=29,162.49
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