Question
Cheryl wants to have $4,500 in spending money to take on a trip to Niagara Falls in three years. How much must she deposit now
Cheryl wants to have $4,500 in spending money to take on a trip to Niagara Falls in three years.
How much must she deposit now in a savings account that pays 2 percent compounded monthly to have the money she needs in threeyears?
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
