SOLUTION: How much would you need to deposit in an account now in order to have $20,000 in the account in 4 years? Assume the account earns 5% interest.
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Question 980226: How much would you need to deposit in an account now in order to have $20,000 in the account in 4 years? Assume the account earns 5% interest.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Depends on the compounding period.
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