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How much did you initially deposit

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Reference no: EM133121027

You made a single amount of deposit exactly 10 years ago, which has become $500,000 now.

a) If the account has been earning 6% compounded monthly, how much did you initially deposit?

b) If the account has been earning 6% compounded continuously, how much did you initially deposit?

Reference no: EM133121027

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