Question
How much should I deposit in an account yielding 8.40% compounded daily to obtain $20,000 in 10 years? Round to the nearest cent, i.e.
How much should I deposit in an account yielding 8.40% compounded daily to obtain $20,000 in 10 years? Round to the nearest cent, i.e. two decimal places.
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
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