In Exercises 4952, find the principal that must be invested at rate compounded monthly
Chapter 6, Problem 49(choose chapter or problem)
Compound Interest In Exercises 49-52, find the principal P that must be invested at rate r, compounded monthly, so that $1,000,000 will be available for retirement in t years.
\(r=7 \frac{1}{2} \%\), t = 20
Text Transcription:
r=7 ½ %
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