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How much money should be deposited today in an account that earns 2.5% compounded monthly so that it will accumulate to $13,000 in 2 years?
How much money should be deposited today in an account that earns 2.5% compounded monthly so that it will accumulate to $13,000 in 2 years? iClick 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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Cost Accounting A Managerial Emphasis 1
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th Edition
0133803813, 978-0133803815
