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Niklas is going to invest in an account paying an interest rate of 3.2% compounded quarterly. How much would he need to invest, to the nearest dollar, for the value of the accou…

Niklas is going to invest in an account paying an interest rate of 3.2% compounded quarterly. How much would he need to invest, to the nearest dollar, for the value of the accou…
asked 193k views
19 votes
Niklas is going to invest in an account paying an interest

rate of 3.2% compounded quarterly. How much would he
need to invest, to the nearest dollar, for the value of the
account to reach $5,000 in 8 years?

asked
User Sigma Octantis
by
8.3k points

1 Answer

5 votes

Answer:

Multiply it you will get it its simple

Explanation:

answered
User Hardik Pithva
by
7.8k points
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