How much would you need to deposit in an account now in order to have $4000 in the account in 10 years? Assume the account earns 7% interest compounded monthly.
How much would you need to deposit in an account now in order to have $4000 in the account in 10 years? Assume the account earns 7% interest compounded monthly.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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![• Question 13
How much would you need to deposit in an account now in order to have $4000 in the account in 10 years?
Assume the account earns 7% interest compounded monthly.
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Transcribed Image Text:• Question 13
How much would you need to deposit in an account now in order to have $4000 in the account in 10 years?
Assume the account earns 7% interest compounded monthly.
Question Help: Video 1 D Video 2 M Message instructor
Submit Question
O M |
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