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April 18, 2014

Homework Help: business math

Posted by Anonymous on Saturday, July 6, 2013 at 3:19pm.

13. 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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