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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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(1862) About Me  (Show Source):
You can put this solution on YOUR website!
Answer: You should deposit about $4188.88 in the account