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22 November, 13:19

Moxie wants to have 5000 how much money does she have to deposit in an account at 6% interest compounded 3 times per year in order to have 5000 at the end of 6 years

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  1. 22 November, 13:57
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    Okay the simple interest formula is

    I=P*R*T

    I=interest

    P = Principle or starting amount

    R = rate

    T=Time in years
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