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How much do you need to deposit into an account with 5.4% interest compound monthly of $200 for the next 10 years

How much do you need to deposit into an account with 5.4% interest compound monthly of $200 for the next 10 years
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How much do you need to deposit into an account with 5.4% interest compound monthly of $200 for the next 10 years

How much do you need to deposit into an account with 5.4% interest compound monthly-example-1
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User Melanie Journe
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7.5k points

1 Answer

5 votes

Answer: $3703.70

Explanation:

200x.054=$3703.70

answered
User SoroushA
by
8.5k points
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