SOLUTION: How much would you need to deposit in an account now in order to have $6000 in the account in 10 years? Assume the account earns 5% interest compounded monthly.
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Question 1146230: How much would you need to deposit in an account now in order to have $6000 in the account in 10 years? Assume the account earns 5% interest compounded monthly.
Answer by VFBundy(438) (Show Source): You can put this solution on YOUR website!
P = $3628.45
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