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How much do you have to invest to bring the balance in the

You plan to invest an amount of money in a five year certificate of deposit at your bank. the stated interest rate applied to the CD is 12% compounded monthly. How much do you have to invest to bring the balance in the CD account to $8,500 in five years? Need the exact amount in dollars and cents.

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Finance Basics: How much do you have to invest to bring the balance in the

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Finance Basics: How much do you have to invest to bring the balance in the

Reference No:- TGS0625809

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Ask an Expert for Answer!!

Finance Basics: How much do you have to invest to bring the balance in the

Reference No:- TGS0625809

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