Jack opens a savings account with a deposit of 1720 he, Ask an Expert

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Jack opens a savings account with a deposit of $1720. He plans to make another deposit of X dollars in three years, with the goal of having exactly $8000 in the account 8 years after it is opened.

If the account pays an effective annual rate of 7.3%, what value of X will allow him to reach his goal?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92795440

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