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PLEASE HELP!!!! Parker is going to invest in an account paying an interest rate of 3.1% compounded daily. How much would Parker need to invest, to the nearest dollar, for the va…

PLEASE HELP!!!! Parker is going to invest in an account paying an interest rate of 3.1% compounded daily. How much would Parker need to invest, to the nearest dollar, for the va…
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8 votes
PLEASE HELP!!!!

Parker is going to invest in an account paying an interest rate of 3.1% compounded daily. How much would Parker need to invest, to the nearest dollar, for the value of the account to reach $4,000 in 8 years?

User Kamaria
by
8.1k points

2 Answers

6 votes

Answer:

$3121

Explanation:

User Thedarkpassenger
by
8.1k points
2 votes

Answer:

$3121

Explanation:

User Geshe
by
8.3k points
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