CandyByrd CandyByrd

22-05-2023
Mathematics

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Lisa invests the $1500 she received for her 13th birthday in a brokerage account which earns 4% compounded monthly. Lisa's Dad offers to sell her his car when she turns 17. The car is worth $5000 and is depreciating at a rate of 10% per year. Will Lisa have enough money to buy the car? If yes, how much will she have left over? If no, how much is she short?

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