Compound Interest
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Carrie needs to accumulate $40,000 to make a down payment on a house at the end of 4 years. How much money should she deposit in a bank account today to accomplish this if the bank pays 6% interest compounded per year?
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Compound Interest
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Carrie needs to accumulate $40,000 to make a down payment on a house at the end of 4 years. How much ...
Purchase this Solution
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