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10. How much would you need to deposit in an account now in order to have $20,000 in the account in 4 years? Assume the account earns 5% interest.

10. How much would you need to deposit in an account now in order to have $20,000 in the account in 4 years? Assume the account earns 5% interest.
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3 votes
10. How much would you need to deposit in an account now in order to have $20,000 in the account in 4 years? Assume the account earns 5% interest.

User FreakyAli
by
8.1k points

1 Answer

3 votes

Answer:

20000*4*5/100=4000

Explanation:

Hope this helps!

User Leonardfactory
by
8.1k points
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