makennabrittain makennabrittain

16-02-2024
Mathematics

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How much must be deposited today into the following account in order to have $55,000 in 6 years for a down payment on a house? Assume no additional deposits are
made.
An account with monthly compounding and an APR of 6%
should be deposited today.
(Do not round until the final answer. Then round to the nearest cent as needed.)

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