SOLUTION: You would like to have $6000 after 8 years. Find the amount you should deposit if the account pays 4.5% annual intrest compounded monthly?
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-> SOLUTION: You would like to have $6000 after 8 years. Find the amount you should deposit if the account pays 4.5% annual intrest compounded monthly?
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Algebra: Exponent and logarithm as functions of power
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Question 183180
:
You would like to have $6000 after 8 years. Find the amount you should deposit if the account pays 4.5% annual intrest compounded monthly?
Answer by
user_dude2008(856)
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Answer: You should deposit about $4188.88 in the account
(