Name the formula that you use to solve the following problem. How much money should be deposited today in an account that earns 7% compounded quarterly so that it will accumulate to $6500 in 5 years?...


Name the formula that you use to solve the following<br>problem.<br>How much money should be deposited today in an<br>account that earns 7% compounded quarterly so that it<br>will accumulate to $6500 in 5 years?<br>OP =<br>A<br>P =<br>1<br>1+<br>A =<br>O A = P(1 + rt)<br>P.<br>

Extracted text: Name the formula that you use to solve the following problem. How much money should be deposited today in an account that earns 7% compounded quarterly so that it will accumulate to $6500 in 5 years? OP = A P = 1 1+ A = O A = P(1 + rt) P.

Jun 04, 2022
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