QUESTION 4 How much should you save in an account now so that you will have $90,000 in 6 years, if the account earns 2% interest, compounded monthly?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 6GP
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QUESTION 4
How much should you save in an account now so that you will have $90,000 in 6 years, if the account earns 2% interest, compounded monthly?
Transcribed Image Text:QUESTION 4 How much should you save in an account now so that you will have $90,000 in 6 years, if the account earns 2% interest, compounded monthly?
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