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Sadie is going to invest in an account paying an interest rate of 3.1% compounded annually. How much would Sadie need to invest, to the nearest hundred dollars, for the value of…

Sadie is going to invest in an account paying an interest rate of 3.1% compounded annually. How much would Sadie need to invest, to the nearest hundred dollars, for the value of…
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18 votes
Sadie is going to invest in an account paying an interest rate of 3.1% compounded

annually. How much would Sadie need to invest, to the nearest hundred dollars, for
the value of the account to reach $1,030 in 16 years?

User Miedwar
by
7.7k points

1 Answer

10 votes

Answer:

600

Explanation:

math

User Seddikomar
by
8.4k points
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