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Andrei [34K]
3 years ago
13

Find how much money needs to be deposited now into an account to obtain $7,300 (Future Value) in 6

Mathematics
1 answer:
mrs_skeptik [129]3 years ago
8 0

Answer:

x=  $6,284.15

Step-by-step explanation:

7300 = x(1 + .025/12)^72

x = \frac{7300}{(1 + \frac{.025}{12} )^{72} }

x=  $6,284.15  

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