John Bush
08/18/2024 · Middle School

Jerome will be buying a used car for \( \$ 7,000 \) in 3 years. How much money should he ask his parents for now so that, if he invests it at \( 7 \% \) compounded continuously, he will have enough to buy the car? Jerome should ask for \( \$ \square \). (Round to the nearest cent as needed.)

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Jerome should ask for approximately $5,674.09 from his parents.

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