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Kody made a deposit into an account that earns 4% annual compound interest. After 24 months, the value of his account was $2163.20. What was the amount of Kodys initial deposit?…

Kody made a deposit into an account that earns 4% annual compound interest. After 24 months, the value of his account was $2163.20. What was the amount of Kodys initial deposit?…
asked 73.2k views
2 votes
Kody made a deposit into an account that earns 4% annual compound interest. After 24 months, the value of his account was $2163.20. What was the amount of Kodys initial deposit?

asked
User Xiaodong
by
7.7k points

2 Answers

5 votes

Answer:

$1176.671

Explanation:

answered
User Kozyarchuk
by
7.7k points
1 vote

Answer:

$1176.671

Explanation:

answered
User Acolchagoff
by
8.1k points
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