artnerd1207 artnerd1207

Today at 8:59 AM
Mathematics

Answered

How much must you deposit in an account that pays 8% interest, compounded monthly, to have a balanc of $1000 after 3 years?

Answer :

philipscaster83 philipscaster83

Today at 9:04 AM

1,000÷(1+0.08÷12)^(12×3)
=787.25

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