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How much would you need to invest now

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Question - Seven years ago your older cousin invested $32,800 for eighteen years at a monthly compounding annual percentage rate of 3.60% per annum. How much would you need to invest now in order to have the same amount of money as your cousin when her deposit matures if you can earn a monthly compounding annual percentage rate of 2.40%?

Reference no: EM133028631

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