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John is going to invest in an account paying an interest rate of 3.8% compounded daily. How much would John need to invest, to the nearest hundred dollars, for the value of the account to reach $1,880
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12 votes
John is going to invest in an account paying an interest rate of 3.8% compounded

daily. How much would John need to invest, to the nearest hundred dollars, for the
value of the account to reach $1,880 in 20 years?

User Umut ADALI
by
4.7k points

2 Answers

9 votes

Answer:

900

Explanation:

User Debdeep
by
4.7k points
2 votes

Answer:

900

Explanation:

User Edixon
by
4.4k points
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