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Joseph is going to invest in an account paying an interest rate of 5.6% compounded annually. How much would Joseph need to invest, to the nearest hundred dollars, for the value …

Joseph is going to invest in an account paying an interest rate of 5.6% compounded annually. How much would Joseph need to invest, to the nearest hundred dollars, for the value …
asked 156k views
22 votes
Joseph is going to invest in an account paying an interest rate of 5.6%

compounded annually. How much would Joseph need to invest, to the
nearest hundred dollars, for the value of the account to reach $8,300 in 10
years?

asked
User Jlehr
by
8.3k points

1 Answer

0 votes

Answer:

$4,800

Explanation:

answered
User Isac Moura
by
7.9k points
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