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09-10-2022
Mathematics

Answered

answered 1 out of 2 parts correctly. 1 attempt remaining.
A company
establishes a new account to pay off a debt of $170,200 due in 12 years. The account will earn an annual interest
rate of 9% compounded daily (assume there are 365 days in 1 year). Rounded to the nearest cent, how much will be
deposited daily into the fund?
66.15

Answer :

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