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How much must be deposited today into the following account in order to have a $115,000 college fund in 15 years? Assume no additional
How much must be deposited today into the following account in order to have a $115,000 college fund in 15 years? Assume no additional deposits are made. An account with annual compounding and an APR of 5.3% should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)
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Contemporary Business Mathematics With Canadian Applications
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
12th Edition
0135285011, 978-0135285015
