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Alex777 [14]
3 years ago
15

I much should be invested at a fixed rate of 9% p.

Mathematics
1 answer:
MatroZZZ [7]3 years ago
3 0
P=A/(1+i/m)^mn
P=20000/(1+0.09/12)^12*4
P=(20,000)÷(1+0.09÷12)^(12×4)
P=13,972.28
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