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26 September, 21:14

If you wish to have $60,000 in 8 years how much do you have to deposit in the bank if the accoun pays an iterest of 9%

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  1. 26 September, 21:24
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    60000 = P (1 + 8 (0.09))

    60000 = 1.72P

    P = $34883.72
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