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2 years ago

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]2 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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