Register
Bob has money in an investment with 1% that compounds 7 times a year. After 9 years, he has $2408.12. What was the principal investment?​
2.9k views
3 votes
Bob has money in an investment with 1% that compounds 7 times a year. After 9 years, he has $2408.12. What was the principal investment?​

User Alex Hill
by
8.3k points

1 Answer

3 votes
the answer is 345.73
User Didzis Elferts
by
7.9k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!