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Fabian is going to invest in an account paying an interest rate of 5.5% compounded annually. How much would Fabian need to invest, to the nearest ten dollars, for the value of the account to reach $1,240
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Fabian is going to invest in an account paying an interest rate of 5.5% compounded annually. How much would Fabian need to invest, to the nearest ten dollars, for the value of the account to reach $1,240 in 13 years?

User Yue You
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1 Answer

5 votes

Answer: x=620

Explanation:

User Aksyuma
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