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Mathematics 13 Online
OpenStudy (anonymous):

A company will need $75,000 in 6 years for a new addition. To meet this goal, the company deposits money in an account today that pay 6% annual interest to total $75,000 in 6 years. The company should invest $.....?

OpenStudy (anonymous):

im srry i have no idea

OpenStudy (anonymous):

you should use Interest formula

OpenStudy (anonymous):

I=Pe^rt

OpenStudy (anonymous):

is the interest compounded or not?

OpenStudy (anonymous):

No answers, let him attempt it, he has been given sufficient information.

OpenStudy (anonymous):

75,000=P^0.06*6 And solve for P

OpenStudy (anonymous):

Ok

OpenStudy (anonymous):

Thank you, not Ok

OpenStudy (anonymous):

would it be 2083

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