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 how much you need to deposit today in a 4% account compounded quarterly to have $5000 at the end of ten years.

 Mar 12, 2022
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period = 3 months     periods in 10 years = 40

interest per period   .04 / 4

 

 

5000 = (deposit) * (1 + .04/4)40             solve for 'deposit'

 Mar 12, 2022

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