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Suppose you need $1230 to purchase a new TV in three years. If the interest rate of a savings account is compounded monthly at 3.8%
Suppose you need $1230 to purchase a new TV in three years. If the interest rate of a savings account is compounded monthly at 3.8% APR, how much do you need to deposit in the savings account today?
Also if anyone could confirm my other 5 answers are correct that would be lovely!
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