The desired accumulated amount is $15,000 after 30 years invested in an account with 3% interest compounded
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The desired accumulated amount is $15,000 after 30 years invested in an account with 3% interest compounded monthly.
Use the present value formula to determine the amount to be invested now, or the present value needed.
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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