Register

Fabian is going to invest in an account paying an interest rate of 5.5% compounded annually. How much would Fabian need to invest, to the nearest ten dollars, for the value of t…

Fabian is going to invest in an account paying an interest rate of 5.5% compounded annually. How much would Fabian need to invest, to the nearest ten dollars, for the value of t…
asked 25.8k views
1 vote
Fabian is going to invest in an account paying an interest rate of 5.5% compounded annually. How much would Fabian need to invest, to the nearest ten dollars, for the value of the account to reach $1,240 in 13 years?

asked
User Yue You
by
8.4k points

1 Answer

5 votes

Answer: x=620

Explanation:

answered
User Aksyuma
by
8.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!