How much will you deposit from january 1

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Question: Suppose today is January 1, 2014 and you need 1,000.00 Mts on January 1, 2017. Your bank capitalizes interest at an annual rate of 8%. How much will you deposit from January 1, 2014 to 2017 to accumulate the 1,000.00 in January 2017?

Reference no: EM133327491

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