( 4) How Much Money Should Johny Placed In A Time Deposit In A Bank That Pays 4% Compounded Annually

( 4) How much money should Johny placed in a time deposit in a bank that pays 4% compounded annually so that he will have $55,000.00 after ten years?

 

Answer:

37,146.03 PESOS

Step-by-step explanation:

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