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Matthew is going to invest in an account paying an interest rate of 5-5% compounded monthly. How much would Matthew need to invest, to the nearest ten dollars, for the value of the account to reach $221,
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Matthew is going to invest in an account paying an interest rate of 5-5% compounded

monthly. How much would Matthew need to invest, to the nearest ten dollars, for the
value of the account to reach $221,000 in 17 years?

User Yordanka
by
7.9k points

1 Answer

4 votes

Answer: 86950

Explanation:

User Ulex
by
8.0k points
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