SOLUTION: Jerome will be buying a used car for ​$5 comma 5,000 in 4 years. How much money should he ask his parents for now so​ that, if he invests it at 3​% compounded con

Algebra.Com
Question 1058657: Jerome will be buying a used car for ​$5 comma 5,000 in 4 years. How much money should he ask his parents for now so​ that, if he invests it at 3​% compounded continuouslycontinuously​, he will have enough to buy the​ car?
Answer by Alan3354(69443)   (Show Source): You can put this solution on YOUR website!
for ​$5 comma 5,000
---------
Not clear.

RELATED QUESTIONS

Jerome will be buying a used car for ​$7,000 in 3 years. How much money should he ask... (answered by Boreal)
Shaun and Rebecca have a new grandson. How much money should they invest now so that he... (answered by ankor@dixie-net.com)
Frank and Alexandria have a new grandson. How much money should they invest now so that... (answered by josgarithmetic)
Thanks for the previous question answered. Pls, help me in this one also Cindy will... (answered by stanbon)
Emil Wauseka is buying a used car with a total purchase price including interest of $14,... (answered by JulietG)
Shaun and Rebecca have a new grandson. How much money should they invest now so that he... (answered by ikleyn)
1.Natasha borrowed $550 from her uncle for her textbooks this semester and promised to... (answered by Lightning_Fast,ikleyn)
Matt and Anna have a new grandson. How much money should they invest now so that he will... (answered by ankor@dixie-net.com)
Joanna's parents agree to loan her the money for a car. They will loan her $5,000 for 5... (answered by rfer)