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(1) You are saving up for your child's braces. You know you need $5,000 in 3 years when all his adult teeth have grown in.

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(1) You are saving up for your child's braces. You know you need $5,000 in 3 years when all his adult teeth have grown in. If your bank offers 49 interest, how much must you deposit today? Write a complete sentence. (2) If your bank account compounded monthily, how much money must you deposit today? why is this number different from your answer in part I? Write complet sentences

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