Mathematics, 31.01.2020 06:53 Blakemiller2020

Money is invested into an account earning 4.25% interest compounded annually. if the accumulated value after 18 years will be $25,000, approximately how much money is presently in the account?
a. $5,875
b. $11,820
c. $19,125
d. $23,960

Answers: 1

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Money is invested into an account earning 4.25% interest compounded annually. if the accumulated value after 18 years will be $25,000, approximately how much money is presently in the account? a. $5,875 b. $11,820 c. $19,125 d. $23,960

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Other questions on the subject: Mathematics

Questions in other subjects:

Money is invested into an account earning 4.25% interest compounded annually. if the accumulated value after 18 years will be $25,000, approximately how much money is presently in the account?
a. $5,875
b. $11,820
c. $19,125
d. $23,960