Mathematics, 25.01.2020 01:31 kland5460
If ms. p wants to withdraw $900 from an account earning 4% average annual interest rate at the start of each year for 7 years, how much must she have in the account today?
Answers: 3
![C \times\left[ \frac{1-(1+i)^{-n}}{i} \right] \times(1 + i)](/tpl/images/0469/7448/cff34.png)
![900 \times\left[ \frac{1-(1+0.04)^{-7}}{ 0.04 } \right] \times(1 + 0.04)](/tpl/images/0469/7448/86f07.png)
![936 \times\left[ \frac{1 - 1.04^{-7}}{ 0.04} \right]](/tpl/images/0469/7448/ce583.png)
![936 \times\left[ \frac{1 - 0.759918}{ 0.04} \right]](/tpl/images/0469/7448/4e3db.png)
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If ms. p wants to withdraw $900 from an account earning 4% average annual interest rate at the start...
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