artnerd1207 artnerd1207
  • 03-04-2018
  • Mathematics
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How much must you deposit in an account that pays 8% interest, compounded monthly, to have a balanc of $1000 after 3 years?

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philipscaster83
philipscaster83 philipscaster83
  • 03-04-2018
1,000÷(1+0.08÷12)^(12×3)
=787.25
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