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Tuition of $1126 will be due when the spring term begins in 8 months. What amount should a student deposit today, at 3.52%, to
Tuition of $1126 will be due when the spring term begins in 8 months. What amount should a student deposit today, at 3.52%, to have enough to pay the tuition? The student should deposit $ . (Simplify your answer. Round to the nearest dollar as needed.) The following money market account rates were available from a particular bank. Find the compound amount and the interest earned. $12,000 at 1.06% compounded daily for one year ... The compound amount is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9659.40 at 4.9% compounded annually for 2 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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