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Mathematics, 18.11.2019 20:31 tomasgarrido10

How much money, as one-time deposit, pv, would you need to deposit into an account that earns 1.5% compounded monthly to earn a future value, fv, of $7,500 in three years? this amount can be found by using algebra to rearrange the function, fv = pv (1 + i), so that fv becomes an input variable and pv becomes the output variable. pv = fv (1 + ) use this function to find the amount needed as a one-time deposit to earn $7,500 in 3 years. number what monthly payment, pmt, would you need to deposit into an account that earns 1.5% compounded monthly to earn a future value, fv, of $7,500 in three years? „((1+i)(my) –1) this amount can be found by using algebra to rearrange the function, fv = pmt- , so that fv becomes an ) input variable and pmt becomes the output variable. c) pmt = fv ((1+h)(ny)-1) use this function to find the amount to deposit each month to earn $7,500 in 3 years. number round to the nearest cent. how much total money would you need to deposit if you made this monthly deposits for 3 years?

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