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Ramon needs to have $7230 in 12 years. How much money should he deposit in his account if he earns 3.25% interest compounded 4 times per year? A. $2459.28 B. $1557.45 C. $4902.8…

Ramon needs to have $7230 in 12 years. How much money should he deposit in his account if he earns 3.25% interest compounded 4 times per year? A. $2459.28 B. $1557.45 C. $4902.8…
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Ramon needs to have $7230 in 12 years. How much money should he deposit in his account if he earns 3.25% interest compounded 4 times per year?

A. $2459.28
B. $1557.45
C. $4902.84
D. $5839.05

asked
User CovertIII
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8.1k points

1 Answer

3 votes
C. $4902.84
Hope I helped! ( Smiles )
answered
User Giopas
by
8.7k points
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