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To save up for a $ 5 0 0 0 bike, Lance will deposit a certain amount of money into an account paying 8 %
To save up for a $ bike, Lance will deposit a certain amount of money into an account paying interest compounded monthly. How much must he deposit now so that he will be able to buy the bike in years, rounded to the nearest penny?
To save up for a $ bike, Lance will deposit a certain amount of money into an account paying interest compounded monthly.
How much must he deposit now so that he will be able to buy the bike in years, rounded to the nearest penny?
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