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How much money should be deposited today in an account that earns 4.5% compounded monthly so that it will accumulate to $14,000 in 2
How much money should be deposited today in an account that earns 4.5% compounded monthly so that it will accumulate to $14,000 in 2 years? Click the icon to view some finance formulas. The amount of money that should be deposited is (Round up to the nearest cent as needed.)
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
