How much would you need to deposit in an account each month in order to have $

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30, 000

in the account in seven years? assume the account earns

7 %

interest

Related Book For answer-question

Managerial Accounting

ISBN: 978-0176223311

1st Canadian Edition

Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp

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Posted Date: Feb 23, 2024 09:52 PM

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How much would you need to deposit in an account each month in order to have $

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Expert Answer:

You would need to deposit approximately 10207 each month into an acc... View the full answer

Managerial Accounting

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