Mathematics
Mathematics, 25.01.2021 21:40, Nathaliasmiles

use the formula for compound interest: A= P (1+r/n) ^nt

How much of an initial investment is required to insure an accumulated amount of at least $25,000 at the end of 8 years at an annual interest rate of 3.75 % compounded monthly.

Give your answer to the nearest one hundred dollars.

answer
Answers: 2

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use the formula for compound interest: A= P (1+r/n) ^nt

How much of an initial investmen...

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