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please show all the steps 154. How much money must be invested in an account that pays 6% per year in- terest to be worth
please show all the steps
154. How much money must be invested in an account that pays 6% per year in- terest to be worth $20,000 at the end of 8 years if (forgetting leap years and making "convenient" assumptions): a. Interest is compounded annually? b. Interest is compounded semi-annually? c. Interest is compounded quarterlyStep by Step Solution
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