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Question karl yates needs $10,000 to pay for the remodeling work on his house. A contractor agrees to do the work in 4 months. How much should Karl deposit at 5.5% in order to accumulate the $10,000 by that time?

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Question

karl yates needs $10,000 to pay for the remodeling work on his house. A contractor agrees to do the work in 4

months. How much should Karl deposit at 5.5% in order to accumulate the $10,000 by that time?

 
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