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John is going to invest in an account paying an interest rate of 3.8% compounded daily. How much would John need to invest, to the nearest hundred dollars, for the value of the …

John is going to invest in an account paying an interest rate of 3.8% compounded daily. How much would John need to invest, to the nearest hundred dollars, for the value of the …
asked 42.0k views
12 votes
John is going to invest in an account paying an interest rate of 3.8% compounded

daily. How much would John need to invest, to the nearest hundred dollars, for the
value of the account to reach $1,880 in 20 years?

asked
User Umut ADALI
by
8.8k points

2 Answers

9 votes

Answer:

900

Explanation:

answered
User Debdeep
by
8.6k points
2 votes

Answer:

900

Explanation:

answered
User Edixon
by
8.3k points
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