How much money must be deposited in a bank account with a yield of 6.42% (compound annually)
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How much money must be deposited in a bank account with a yield of 6.42% (compound annually) to have $1,671 (rounded to the nearest $1) at the end of 11 years?
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Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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