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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asked Dec 26, 2022 107k views

1 vote

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?

Mathematics
college

Yordanka asked

by Yordanka

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1 Answer

4 votes

Answer: 86950

Explanation:

Ulex answered Dec 31, 2022

by Ulex

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