Compute the amount that the couple deposited into account

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Reference no: EM131464455

A married couple currently has $12,367.66 in a bank savings account that they started 5 years ago. The stated interest rate on the account was 4.25% per year compounded continuously. Compute the amount that the couple deposited into the account when they opened it. Do not use single payment analysis when uniform series or gradient can be used.

Reference no: EM131464455

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