Seven months ago Julie received some money for her birthday and she immediately deposited it into an
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Question:
Seven months ago Julie received some money for her birthday and she immediately deposited it into an account earning 6.5% per annum. Today the value of that deposit has reached $4,259.88. How much did she deposit 7 months ago?
A. $4,104.26
B. $1,556.20
C. $3,982.99
D. $4,098.36
Expert Answer:
Answer rating: 100% (QA)
Future Value after 7 months 425988 Calculating the amou... View the full answer
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