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if my bank account returns 3% but compounds interest monthly how much money must i deposit today so that i may have 2,500 in 10 years

User Jozzhart
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Answer:

Step-by-step explanation:

Step-by-step

2500 total in 10 years

2500/10= 250 yearly

250/12= 20.8333333333 which you can round to 21

700

User Krissy
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