1 You have decided to invest in an account that earns 2-% interest compounded monthly. How much would you need to deposit in an account now in order to have $1,000.00 in the account in 13 years? You need to deposit now to have $1,000.00 in the account in 13 years. How much interest will have been earned? The amount of interest that will have been earned is Hint

1 You have decided to invest in an account that earns 2-% interest compounded monthly. How much would you need to deposit in an account now in order to have $1,000.00 in the account in 13 years? You need to deposit now to have $1,000.00 in the account in 13 years. How much interest will have been earned? The amount of interest that will have been earned is Hint

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 26E

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