Raymond B. answered • 03/06/23
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Math, microeconomics or criminal justice
13000=M(1+.025/12)^48
solve for M
M=$11,764.11
+$1,235.89 interest
=$13,000 in 4 years
at 2.5% componded monthly
Destiny D.
asked • 03/06/23Calculate present value
How much money should be deposited today in an accurate account that earns 2.5% compounded monthly so that it will accumulate to 13,000 in four years
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