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Anna wants to buy a car in two years and wants to have $10,000 for the purchase. How much will Anna need to deposit today in an account that earns 5% interest per year, compounded monthly? Anna will need
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Dec 10, 2020
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Anna wants to buy a car in two years and wants to have $10,000 for the purchase. How much will Anna need to deposit today in an account that earns 5% interest per year, compounded monthly?
Anna will need to deposit $
.
Mathematics
middle-school
Swathi EP
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Answer:
$9,050.25
Explanation:
Bharanitharan
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Dec 16, 2020
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Bharanitharan
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