Question 10 of 25 (4 points) How much should be deposited in an account paying 8% interest, compounded monthly, in order to have a balance of $ 8,000 after 17 years and 3 months? Enter the answer in dollars and cents, and round to the nearest cent, if needed

Math Dec 08, 2022

Question 10 of 25 (4 points) How much should be deposited in an account paying 8% interest, compounded monthly, in order to have a balance of $ 8,000 after 17 years and 3 months? Enter the answer in dollars and cents, and round to the nearest cent, if needed. Do not include the dollar sign For example, if the answer is 50.01, only the min Principal ~ S