Business

Drew Blackwell

Today, 15:12

William wants to have a total of $8000 in two years so that he can put a hot tub on his deck. He finds an account that pays 5% interest compounded monthly. How much should William put into this account so that he'll have $8000 at the end of two years?

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William wants to have a total of $8000 in two years so that he can put a hot tub on his deck. He finds an account that pays 5% interest compounded monthly.