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Lucy is going to invest in an account paying an interest rate of 7% compounded daily. How much would Lucy need to invest, to the nearest dollar, for the value of the account to reach $84,000 in 6 years?
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Lucy is going to invest in an account paying an interest rate of 7% compounded daily. How much would Lucy need to invest, to the nearest dollar, for the value of the account to reach $84,000 in 6 years?

User Awilinsk
by
7.1k points

1 Answer

2 votes

Answer:

Lucy needs to invest $55,194.16

Explanation:

User Grillo
by
6.2k points
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