Question: Question 5 How much would you need to deposit in an account now in order to have $ 5,517 in the account in 6 years?

Question 5

  1. How much would you need to deposit in an account now in order to have $ 5,517 in the account in 6 years? Assume the account earns 9 % interest compounded monthly.
  2. $__________ (Round to 2 decimal places if necessary)

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