1a. Suppose $100 is withdrawn at the end of 2022, emptying an account that earns 5% interest, compounded annually. What amount was deposited when the account was originally opened in 2020? Show any work: partial credit might not be awarded in the absence of mnemonic notation (e.g., F(P/F, i, n)]. Edit Format Table
1a. Suppose $100 is withdrawn at the end of 2022, emptying an account that earns 5% interest, compounded annually. What amount was deposited when the account was originally opened in 2020? Show any work: partial credit might not be awarded in the absence of mnemonic notation (e.g., F(P/F, i, n)]. Edit Format Table
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![1a.
Suppose $100 is withdrawn at the end of 2022, emptying an account that earns 5% interest, compounded annually. What amount was deposited
when the account was originally opened in 2020?
Show any work; partial credit might not be awarded in the absence of mnemonic notation (e.g., F(P/F, i, n)].
Edit
Format Table](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F404f3a78-f730-4773-ad7b-fe6612b342a7%2F246cb978-5d04-4968-9a4d-39e75b21e736%2F6yo7vy_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1a.
Suppose $100 is withdrawn at the end of 2022, emptying an account that earns 5% interest, compounded annually. What amount was deposited
when the account was originally opened in 2020?
Show any work; partial credit might not be awarded in the absence of mnemonic notation (e.g., F(P/F, i, n)].
Edit
Format Table
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