Put money into bank account

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You plan to put money into a bank account that earns a 9.0% annual percentage rate (APR) with monthly compounding. You plan to invest $400 at the end of each quarter, as well as a to-be-determined initial amount to- day. Under this plan, how much must you invest today to have a total account balance of $30,000 in 7 years?

Reference no: EM131842624

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