SOLUTION: How much would you need to deposit in an account now in order to have $4000 in the account in 5 years? Assume the account earns 6% interest compounded monthly.
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Question 1148449: How much would you need to deposit in an account now in order to have $4000 in the account in 5 years? Assume the account earns 6% interest compounded monthly. Answer by Boreal(15235) (Show Source):
