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Paisley is going to invest in an account paying an interest rate of 3.4% compounded daily. How much would Paisley need to invest, to the nearest dollar, for the value of the acc…

Paisley is going to invest in an account paying an interest rate of 3.4% compounded daily. How much would Paisley need to invest, to the nearest dollar, for the value of the acc…
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5 votes
Paisley is going to invest in an account paying an interest rate of 3.4% compounded

daily. How much would Paisley need to invest, to the nearest dollar, for the value of
the account to reach $400 in 16 years?

asked
User Emersonthis
by
7.5k points

1 Answer

2 votes

Answer:

232

Explanation:

Paisley is going to invest in an account paying an interest rate of 3.4% compounded-example-1
answered
User Elliott De Launay
by
8.4k points
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