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I need help with this question please! Thank You 5. You have just invested $3,000 into an account that will earn a 9% annual interest
I need help with this question please! Thank You
5. You have just invested $3,000 into an account that will earn a 9% annual interest rate. You want to have exactly $8,000 in the account at the end of 5 years. The account allows you to make one deposit at the end of the 3rd year. In order to have exactly $8,000 at the end of year 5, how much must you deposit at the end of the 3rd year? a. $2,848.35 b. $2,613.17 c. $2,397.40 d. $3,384.13 e. None of the above answers is within $50 of the correct amountStep by Step Solution
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