Mathematics, 22.02.2020 01:46 NFMZombie

Ian would like to have $250,000 in an account when he retires in 12 years. The account earns 10% per year compounded monthly. How much must he deposit today to have the desired funds in 12 years?

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Ian would like to have $250,000 in an account when he retires in 12 years. The account earns 10% per...