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How much would you need to deposit in an account now in order to have 6,000 in the account in 8 years? Assume the account earns 6% interest compounded monthly.

How much would you need to deposit in an account now in order to have 6,000 in the account in 8 years? Assume the account earns 6% interest compounded monthly.
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How much would you need to deposit in an account now in order to have 6,000 in the account in 8 years? Assume the account earns 6% interest compounded monthly.

User DIVYANSHU SAHU
by
8.7k points

1 Answer

3 votes

Answer:

Explanation:

$1,000

User Tim Friske
by
8.6k points
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