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Money is invested into an account earning 4.25% interest compounded annually. If the accumulated value after 18 years will be $25,000, approximately how much money is presently in the account? a. $5,875
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Dec 10, 2018
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Money is invested into an account earning 4.25% interest compounded annually. If the accumulated value after 18 years will be $25,000, approximately how much money is presently in the account?
a. $5,875
b. $11,820
c. $19,125
d. $23,960
Mathematics
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MangduYogii
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Answer:
answer is b on edge 2020
Explanation:
just took the test
Eclewlow
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Dec 11, 2018
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P=25,000÷(1+0.0425)^(18)
P=11,818.73
So the answer is b
Kalana Demel
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Dec 15, 2018
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