630/(1.1)3 = 630/1.331 = 473.33
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Type your answer here... $8,324.59
y = ln(3)/ln(1.0575) = 19.65 years, approx.
4795.65 (approx).
Matt will have $2,298.65.
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?