How much would you need to deposit in an account now in order to have $3000 in the account in 5 years? Assume the account earns 6% interest compounded quarterly.
How much would you need to deposit in an account now in order to have $3000 in the account in 5 years? Assume the account earns 6% interest compounded quarterly.
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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How much would you need to deposit in an account now in order to have $3000 in the account in 5 years? Assume the account earns 6% interest compounded quarterly. Round your answer to the nearest cent.
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