Chapter 3: Problem 23
Suppose a bank account paying \(4 \%\) interest per year, compounded 12 times per year, contains \(\$ 10,555\) at the end of 10 years. What was the initial amount deposited in the bank account?
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Chapter 3: Problem 23
Suppose a bank account paying \(4 \%\) interest per year, compounded 12 times per year, contains \(\$ 10,555\) at the end of 10 years. What was the initial amount deposited in the bank account?
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