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Math help? (Finance)
Asked by Melody12234 (101)
May 6th, 2020
How much money should be deposited today in an account that earns 6% compounded semiannually so that it will accumulate to $9000 in 2 years?
I know the answer is $10,129.58 although I don’t really know where to start… What am I supposed to do in order to achieve this answer? Thanks!
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