jvxgnd65cr jvxgnd65cr
  • 09-12-2021
  • Mathematics
contestada

12. After 80 years of 5.8% interest compounded monthly, an account has $102,393.44. What was the
original deposit amount?

Respuesta :

youssefbaghdady7
youssefbaghdady7 youssefbaghdady7
  • 09-12-2021

Answer:

12195508,42

Step-by-step explanation:

  1. A(1-R) N
  2. A is the deposit
  3. R is the % present
  4. N is the time period (exponent)
  5. A(1-5.8%)80=102,393.44
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