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A savings account at Xyz Bank offers 4% interest, compounded annually. How much money must I invest today in order for the account to grow to $5{,}000 in ten years? Answer to the nearest whole dollar.

 Dec 12, 2014

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 #3
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I have put another answer post on the original question.

If you still do not understand let us know.   :)

 Dec 12, 2014
 #1
avatar+118723 
+5

Please answer this thread and include a link to your original question.

We need to see what you do not understand.

Do you know how to copy the other address and post it in here?

 Dec 12, 2014
 #2
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Here is the link: http://web2.0calc.com/questions/a-savings-account-at-xyz-bank-offers-4-interest-compounded-annually-how-much-money-must-i-invest-today-in-order-for-the-account-to-grow-t

 Dec 12, 2014
 #3
avatar+118723 
+5
Best Answer

I have put another answer post on the original question.

If you still do not understand let us know.   :)

Melody Dec 12, 2014

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