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Luke is going to invest in an account paying an interest rate of 5.9% compounded daily. How much would Luke need to invest, to the nearest cent, for the value of the account to reach $114,000 in 19 years?
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Luke is going to invest in an account paying an interest rate of 5.9% compounded

daily. How much would Luke need to invest, to the nearest cent, for the value of the
account to reach $114,000 in 19 years?

User Kinghomer
by
8.4k points

1 Answer

12 votes

Answer:

37162.09

Explanation:

User Rohini
by
7.4k points
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