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Approximately how much principal would need to be placed into an account earning 3.575% interest compounded quarterly so that it has an accumulated value of $68,000 at the end o…

Approximately how much principal would need to be placed into an account earning 3.575% interest compounded quarterly so that it has an accumulated value of $68,000 at the end o…
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5 votes
Approximately how much principal would need to be placed into an account earning 3.575% interest compounded quarterly so

that it has an accumulated value of $68,000 at the end of 30 years?
a $23,706
b. $23,377
$52,069
d. $58,944
C

User Gibbss
by
7.0k points

2 Answers

6 votes

Answer:

b

Step-by-step explanation:

User Chrysa
by
8.1k points
0 votes
Answer: b
Explication: b
User Jsl
by
7.8k points
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