xuxicakes
xuxicakes xuxicakes
  • 12-11-2020
  • Mathematics
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An amount P at 4.5% for 12 years compounded monthly increased to $20000.00. What is P? (Round answer to cents)

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neleki neleki
  • 12-11-2020
P x 1.045^12 = 20000 divide by 1.045^12
P = 11793.28
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