Omar wants to open an account for his grandchildren that he hopes will have $80,000 in it

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Omar wants to open an account for his grandchildren that he hopes will have $80,000 in it after 20 years. How much must he deposit now into an account that yields 1.75% interest, compounded monthly, so he can be assured of reaching his goal?

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Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

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Question Posted: Sep 12, 2022 03:19 AM

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Omar wants to open an account for his grandchildren that he hopes will have $80,000 in it

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Financial Algebra Advanced Algebra With Financial Applications

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