SOLUTION: How much must you deposit in an account that pays 3.5% interest compounded yearly to have a balance of $400 after 6 years?
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Question 28128: How much must you deposit in an account that pays 3.5% interest compounded yearly to have a balance of $400 after 6 years?
Answer by Paul(988) (Show Source): You can put this solution on YOUR website!
Formula:
Can you solve it from there?
Paul.
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