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09-12-2021
Mathematics

contestada

12. After 80 years of 5.8% interest compounded monthly, an account has $102,393.44. What was the
original deposit amount?

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09-12-2021

Answer:

12195508,42

Step-by-step explanation:

A(1-R) N
A is the deposit
R is the % present
N is the time period (exponent)
A(1-5.8%)80=102,393.44

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