lameboy2 lameboy2

03-05-2022
Mathematics

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If you need $25,000 eight years from now, what is the minimum amount of money you need to deposit
into a bank account that pays an annual percentage rate (APR) of 5% that is compounded-
a. once a year?
Please Help me on this ! ( don’t send links)

If you need 25000 eight years from now what is the minimum amount of money you need to deposit into a bank account that pays an annual percentage rate APR of 5 class=

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dynastysimpson01 dynastysimpson01

03-05-2022

About half of that because 8 x
12

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