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How much do you need to deposit into your account that pays 8% interest compounded quarterly to have a balance of $4500 after 10 years?

How much do you need to deposit into your account that pays 8% interest compounded quarterly to have a balance of $4500 after 10 years?
asked 105k views
3 votes
How much do you need to deposit into your account that pays 8% interest compounded quarterly to have a balance of $4500 after 10 years?

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User Xobotun
by
7.7k points

1 Answer

4 votes

Answer: 810

Explanation:

answered
User Greg Alexander
by
7.3k points
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