Mkholcomb24 Mkholcomb24

10-11-2019
Mathematics

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How much money should be invested in an account that earns 9% interest, compounded monthly, in order to have $13,000 in 4 years?

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alejandrocampos54 alejandrocampos54

10-11-2019

Answer:

Computation of the money that has to be invested:

Hence, the money that has to be invested is $8,303.10...

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