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Michael is going to invest in an account paying an interest rate of 5.8% compounded monthly. How much would Michael need to invest, to the nearest dollar, for the value of the account to reach $260 in
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25 votes
Michael is going to invest in an account paying an interest rate of 5.8% compounded

monthly. How much would Michael need to invest, to the nearest dollar, for the value
of the account to reach $260 in 12 years?

User Shoham Yetzhak
by
8.4k points

1 Answer

3 votes

Answer:

P=130

Explanation:

User Rohit Garg
by
8.8k points
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