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Orlando must be able to take $5,000 from his savings in four years and again in seven years. His ...

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Orlando must be able to take $5,000 from his savings in four years and again in seven years. His ...

Orlando must be able to take $5,000 from his savings in four years and again in seven years. His savings will earn 7.2% compounded monthly. To the nearest dollar, how much must be in the account now in order to meet his needs?

▸ $6,738

▸ $6,050

▸ $6,777

▸ $7,255

▸ $7,451

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Business Mathematics in Canada

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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