Tuesday, 6 March 2018

You need to make a tuition payment of $6,000 in 6 months. If your investment account pays 3% APR


You need to make a tuition payment of $6,000 in 6 months. If your investment account pays 3% APR, compounded monthly, how much do you have to deposit today to have just enough to pay the tuition in 6 months?

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