Find how much money needs to be deposited now into an account to obtain $3, 900 in 6 years if the interest rate is 8% per year compounded quarterly (4 time(s) per year). 69 Round your answer to the nearest cent.
Find how much money needs to be deposited now into an account to obtain $3, 900 in 6 years if the interest rate is 8% per year compounded quarterly (4 time(s) per year). 69 Round your answer to the nearest cent.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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