Luanne wants to have $3275 in her bank account in 10 years. How much money should she deposit if her account earns 7.5% interest which is compounded every month? A. $1589.01 B. $2159.45 C. $1921.53 D.

Luanne wants to have $3275 in her bank account in 10 years. How much money should she deposit if her account earns 7.5% interest which is compounded every month?

A. $1589.01
B. $2159.45
C. $1921.53
D. $1550.62

1 Answer

Luanne wants to have $3275 in her bank account in 10 years. How much money should she deposit if her account earns 7.5% interest which is compounded every month? A. $1589.01 B. …

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