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steposvetlana [31]
3 years ago
10

How much would you need to deposit in an account now in order to have $6000 in the account in 10 years? Assume the account earns

4% interest compounded monthly.
Mathematics
1 answer:
Ivenika [448]3 years ago
6 0

Step-by-step explanation:

A=p(1+r/100)ⁿ

6000=p(1+0.04)¹⁰

6000/(1.04)¹⁰=p

p=6000/1.48

p=4054.05

I would appreciate if my answer is chosen as a brainliest answer

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