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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asked Sep 25, 2022 60.0k views

3 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?

Mathematics
high-school

Eduardo Morales asked

by Eduardo Morales

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2 Answers

2 votes

Answer:

650

Explanation:

Damian is going to invest in an account paying an interest rate of 5.2% compounded-example-1

Abhishek Kanojia answered Sep 27, 2022

by Abhishek Kanojia

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7 votes

Answer:

650

Explanation:

651.606881968=P

round: 650

Matt Maclennan answered Oct 2, 2022

by Matt Maclennan

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