Saving for a New Boat Raja Khoury would like to save
Chapter 11, Problem 864(choose chapter or problem)
Saving for a New Boat Raja Khoury would like to save $80,000 to buy a new Chris Craft Silver Bullet boat in 5 years. To accumulate $80,000 in 5 years, how much should Raja invest quarterly in a sinking fund with 3.6% interest compounded quarterly?
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