Asked by Ann
How much should be deposited into an account today if it is to accumulate to $32400 in 30 years if the account bears interest at 8.01% compounded monthly?
I did A = 32400(1 + 0.0801/12)^(12*30) = $355,375, but that's wrong...
I did A = 32400(1 + 0.0801/12)^(12*30) = $355,375, but that's wrong...
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