Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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![5. How much should be deposited now in order to have $45,000 in 8 years, if the
account earns 6.57% compounded monthly?
45,000= P(1+ 0657
45,000= (689050269) P)
aG642.1910구
$426642.19 Should be deposited
now in order to have $45000
in 8 years If the account
earns 6.57%o compounded
monthly.
12](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F29b25716-5eb6-4537-b644-b049114aff43%2Fd41abc68-fa06-45a8-be53-81b6a4a48bd1%2Fzqg6n3n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5. How much should be deposited now in order to have $45,000 in 8 years, if the
account earns 6.57% compounded monthly?
45,000= P(1+ 0657
45,000= (689050269) P)
aG642.1910구
$426642.19 Should be deposited
now in order to have $45000
in 8 years If the account
earns 6.57%o compounded
monthly.
12
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