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12 Dec 2019
A sum of money is deposited in a savings account. The effective annual interest is 12% and interest is compounded monthly. How much money must be deposited to yield $500 at the end of 11 months?
A sum of money is deposited in a savings account. The effective annual interest is 12% and interest is compounded monthly. How much money must be deposited to yield $500 at the end of 11 months?
7 Jul 2023
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19 May 2023
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Deanna HettingerLv2
13 Dec 2019
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