Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

a bank account currently has a balance of $7,400 dollars. if the initial deposit was made four years ago, and the interest rate is 5% apr compounded monthly, what was the initial deposit?