Georgita is shopping for an account to invest her money in. She wants the account to grow

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Georgita is shopping for an account to invest her money in. She wants the account to grow to $\$ 400,000$ in 30 years. She finds an account that earns $4.75 \%$ compounded monthly. How much does she need to deposit to reach her goal?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 29, 2024 08:06 AM

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Georgita is shopping for an account to invest her money in. She wants the account to grow

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Contemporary Mathematics

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