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FOR 25 POINTS!!!! And I will make you brainlist!!!!

Classify the deposit investment:

You want to put a $30,000 down payment on a storefront for a new business that you plan on opening in 5 years. How much should you deposit quarterly into an account with an interest rate of 1.23%, compounded quarterly?

Respuesta :

30,000 divided by 1.23/100 then multiply 30,000 by 0.0123 the answer is 369, hope this helps:)

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