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Mathematics, 27.07.2021 18:00 coolquezzie

Kenneth needs $5,000 for university in 5 years. His parents plan to invest some money in an account paying interest at a rate of 7.2% per annum, compounded monthly. How much should they invest now to have $5,000 in 5 years.

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Kenneth needs $5,000 for university in 5 years. His parents plan to invest some money in an account...

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