How much money must be put into a bank account yielding 6.42% (compounded annually) in order to
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Question:
How much money must be put into a bank account yielding 6.42% (compounded annually) in order to have $1,671 at the end of 11 years (round to nearest $1)?
| $921 | |
| $886 | |
| $843 | |
| $798 |
Expert Answer:
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