Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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Question
Logan would like to have $75,000 in 8 years. If his account earns 5% compounded annually, how much does he need to deposit today to reach his goal?
Group of answer choices
$110,809.16
$35,809.16
$50,762.95
$45,000.00
$24,237.05
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