Write the present value function, letting x represent the number of years.

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Chapter4: Managing Your Cash And Savings
Section: Chapter Questions
Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...
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Tom wants to have $50,000 saved sometime in the future.  How much must he deposit every month into an account that pays 2.8% interest, compounded monthly.  Write the present value function, letting x represent the number of years.

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