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28 Sep 2019
Charlotte wishes to accumulate $93,000 in a savings account in 10 years. If she wishes to make a single deposit today and the bank pays 5 percent compounded annually on deposits of this size, how much should Charlotte deposit in the account?
Charlotte wishes to accumulate $93,000 in a savings account in 10 years. If she wishes to make a single deposit today and the bank pays 5 percent compounded annually on deposits of this size, how much should Charlotte deposit in the account?
Darryn D'SouzaLv10
28 Sep 2019