When Santiago began his university career, his father deposited an annual fixed-term amount of money, with the goal that, at the end of his 5-year degree, he would have accumulated an amount that would allow him to cover the payment of a postgraduate degree. The annual interest rate generated by this deposit is 10%. The graduate program that Santiago has been most interested in costs $20,000.  

• What amount did Santiago's father deposit?

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Para calcular la cantidad que deposit el pap de Santiago podemos ... View the full answer