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Minchanka [31]
3 years ago
10

Trevor is saving for a down payment to buy a house. The account earns 11.2% interest compounded monthly, and he wants to have $1

4,000 in 7 years.
What must his principal be? Round your answer to the nearest cent and do not include the dollar sign. Do not round at any other point in the solving process; only round your answer.
Mathematics
1 answer:
Anna71 [15]3 years ago
7 0

$1271.22

Step-by-step explanation:

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