Joseph is going to invest in an account paying an interest rate of 5.6% compounded annually. How much would Joseph need to invest, to the nearest hundred dollars, for the value of the account to reach

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Smashedtoatoms asked Oct 8, 2023

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24 votes

Joseph is going to invest in an account paying an interest rate of 5.6%

compounded annually. How much would Joseph need to invest, to the
nearest hundred dollars, for the value of the account to reach $8,300 in 10
years?

Mathematics
high-school

Smashedtoatoms asked Oct 8, 2023

by Smashedtoatoms

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14 votes

Answer:

$4,800

Explanation:

Caldwellst answered Oct 12, 2023

by Caldwellst

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