carleymay9512 carleymay9512
  • 15-11-2022
  • Business
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derrick's father is planning to open a savings account to pay for derrick's college education. he has found a bank that will pay 11 percent interest compounded quarterly. how much will he need to deposit initially so that in 9 years the balance will be $118,000? round your answer to the nearest cent.

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