how much money should be deposited today in an account that earns 4.8% interest so that it will accumulate to $25,000 in 10 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...
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how much money should be deposited today in an account that earns 4.8% interest so that it will accumulate to $25,000 in 10 years?

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