Sadie is going to invest in an account paying an interest rate of 3.1% compounded
annually. How much would Sadie need to invest, to the nearest hundred dollars, for
the value of the account to reach $1,030 in 16 years?

Question

02-03-2021
Mathematics

Answered

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Sadie is going to invest in an account paying an interest rate of 3.1% compounded
annually. How much would Sadie need to invest, to the nearest hundred dollars, for
the value of the account to reach $1,030 in 16 years?

Sagot :

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