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Use the present value formula to determine the amount to be investednow, or the present value needed. The desired accumulated amount is $ 60, 000
Use the present value formula to determine the amount to be investednow, or the present value needed.
The desired accumulated amount is $60, 000
60,000 after 14 years invested in an account with 6.1% interest compounded monthly
The amount to be investednow, or the present valueneeded, is $______
.
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