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Calculus1
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find the present value of the deposit in order to have $9000 at 10% compounded monthly for 4 years
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just enter information will calculate
If you want to figure it out on your own, the formula is \[FV = PV(1+\frac{r}{N})^{Nt}\] where FV is future value, PV is present value, \(r\) is the annual interest rate expressed as a decimal, \(N\) is the number of compounding periods per year, and \(t\) is the number of years.
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