The desired accumulated amount is $45,000 after 10 years invested in an account with 3.6% interest compounded

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The desired accumulated amount is $45,000 after 10 years invested in an account with 3.6% 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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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 28, 2019 05:43 AM

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The desired accumulated amount is $45,000 after 10 years invested in an account with 3.6% interest compounded

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A Survey of Mathematics with Applications

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