TerrieRichard8679 TerrieRichard8679
  • 18-02-2024
  • Business
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Rodrigo Gomez has deposited $7,000 in a guaranteed investment account with a promised rate of 6.5% compounded annually. He plans to leave the money in the account for 5 full years when he will make a down payment on a car after graduation. How much of a down payment will he be able to make?

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