Question: HW18: Problem 2 Previous Problem Problem List Next Problem (1 point) Find the principal needed to get $2000 in 8 years at 7% compounded monthly.

HW18: Problem 2 Previous Problem Problem List Next Problem (1 point)

HW18: Problem 2 Previous Problem Problem List Next Problem (1 point) Find the principal needed to get $2000 in 8 years at 7% compounded monthly. Principal $ Hint HINT: Use the compound interest formula A-: P(1 + i)" to find P

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