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How much money, as one-time deposit, PV , would you need to deposit into an account that earns 1.5% compounded monthly to earn a future

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How much money, as one-time deposit, PV , would you need to deposit into an account that earns 1.5% compounded monthly to earn a future value, FV, of $7,500 in three years? This amount can be found by using algebra to rearrange the function, FV = PV(1 + " ) ("), so that FV becomes an input variable and PV becomes the output variable. PV = FV ( 1 + : ) (-nn) Use this function to find the amount needed as a one-time deposit to earn $7,500 in 3 years. Numero Round to the nearest cent

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