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Mathematics 11 Online
OpenStudy (anonymous):

Please help me with this I'm stuck!!!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 pays 6% annual interest compounded quaterly. Find the amount that shouls be invested to total $75,000 in 6 years. The company should invest I=Pe^rt 75,000=P^0.06*6 Solve for P

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