Wednesday
April 16, 2014

Homework Help: Business Math

Posted by Tee on Thursday, June 27, 2013 at 10:25pm.

Bob and Joy Salkind want to save $50,000 in 5 years for home improvement projects. If the Bank of Aventura is paying 8% interest compounded quarterly, how much must the couple deposit now to have the money for the projects?

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