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Mathematics, 23.07.2019 18:00 Christiancameron1234

Amath nub out! william wants to have a total of $4,000 in two years so that he can put a hot tub on his deck. he finds an account that pays 5% interest compounded monthly. how much should william put into this account so that he'll have $4,00 at the end of two years? and furthermore: suppose william from the problem above , only has $3400 to invest but still wants $4000 for a hot tub. he finds a bank offering 5.25% interest compounded quarterly. how long will he have to leave his money in the account to have $4000?

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