Mathematics, 14.04.2020 22:16 mjmckay03
Suppose you start saving today for a 5000 down payment that you plan to make on a condo in 2 years. Assume that you make no deposits into the account after your initial deposit. The account has annual compounding and an APR of 5%. How much would you need to deposit now to achieve a balance of in 2 years?
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Suppose you start saving today for a 5000 down payment that you plan to make on a condo in 2 years....
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