José Martinez, an immigrant from Mexico, estimates that he needs $1,000 to start a (very) small grocery store in 4 years

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José Martinez, an immigrant from Mexico, estimates that he needs $1,000 to start a (very) small grocery store in 4 years

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Jose Martinez An Immigrant From Mexico Estimates That He Needs 1 000 To Start A Very Small Grocery Store In 4 Years 1
Jose Martinez An Immigrant From Mexico Estimates That He Needs 1 000 To Start A Very Small Grocery Store In 4 Years 1 (14.74 KiB) Viewed 54 times
José Martinez, an immigrant from Mexico, estimates that he needs $1,000 to start a (very) small grocery store in 4 years. How much must he deposit today if his credit union will pay 8% compounded quarterly? Click here to view periods 1-25 of the Present Value of a Dollar Table, Click here to view periods 26-49 of the Present Value of a Dollar Tablo. How much should he deposit today? (Round to the nearest cent as needed.)
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