Jackie would like to buy a $19700 toyota hybrid car in 4 years. jackie wants to put the money aside now. jackie's bank offers 8% interest compounded semiannually. how much must jackie invest today?

the answer is:

the answer is:

to solve the problem, we need to remember the quotient of power property, it's defined by the following relation:

if we have a quotienf of powers that have the same base, we need to keep the same base and subtract the exponent of the denominator power to the exponent of the numerator power.

so, we are given the expression:

then, calculating we have:

hence, the answer is:

have a nice day!