1.2. Brenda needs to have an accumulated sum in the Bank of 300,000 SAR 5 years...
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1.2. Brenda needs to have an accumulated sum in the Bank of 300,000 SAR 5 years from now. How much money does she need to deposit today to achieve that goal assuming the Bank pays a 2.5% interest rate per year? 1.2. Brenda needs to have an accumulated sum in the Bank of 300,000 SAR 5 years from now. How much money does she need to deposit today to achieve that goal assuming the Bank pays a 2.5% interest rate per year?
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Use the formula A P x t Whene Afinal amount P initial deposit ... View the full answer
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