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Kimone. Malik. Bryan and Abigail all need to accumulate 2M in 5 years for their tuitions if the prevailing rate of interest is 12% compounded

Kimone. Malik. Bryan and Abigail all need to accumulate 2M in 5 years for their tuitions if the prevailing rate of interest is 12% compounded monthly, how much must they deposit today to achieve same

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