There is no solution so C.
9514 1404 393
Answer:
$32,528.58
Step-by-step explanation:
For simplicity, we'll assume each year has 365 days.
The future value A of principal amount P at rate r compounded daily for t years is ...
A = P(1 +r/365)^(365t))
We want P when A = 80,000, r = 0.075, and t = 12.
P = A/(1 +r/365)^(365t)
P = $80000/(1+0.075/365)^(365·12) ≈ $32,528.58
You will have to deposit about $32,528.58.
Ultimately, it is impossible to solve an equation without two sides. If it was 2X=2, the answer would be X=1. But if it was 2X+2=0, the answer would be X=-1. The information given is impossible to work with,