Register
Damian is going to invest in an account paying an interest rate of 5.2% compounded daily. How much would Damian need to invest, to the nearest ten dollars, for the value of the account to reach $1,750
211,676 views
34 votes
34 votes
Damian is going to invest in an account paying an interest rate of 5.2% compounded

daily. How much would Damian need to invest, to the nearest ten dollars, for the
value of the account to reach $1,750 in 19 years?

User RandomB
by
2.7k points

2 Answers

17 votes
17 votes

Answer:

650

Explanation:

Damian is going to invest in an account paying an interest rate of 5.2% compounded-example-1
User Philip Regan
by
3.2k points
13 votes
13 votes

Answer:

650

Explanation:

651.606881968=P

round: 650

User Alexey Petushkov
by
2.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

Can anybody tell me what’s going on here?
Granola costs $1.76 per pound. Write and solve an equation to determine the number of pounds p of granola that can be purchased with $7.04. The equation is: The value of x is
Evalute 8a -1+0.5b when a =1/4 and b= 10 how dose this work i need help..
PLZ needed now plz URGENT!
HELP PLEASE, I NEED THE ANSWER QUICKLY
Link Copied!