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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
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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
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