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Luanne wants to have $3275 in her bank account in 10 years. How much money should she deposit if her account earns 7.5% interest which is compounded every month?
A. $1589.01
B. $2159.45
C. $1921.53
D. $1550.62

Respuesta :

A. $1589.01

I solved this by a simple trial and error by inputing each answer into the equation.

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