Darlene Fine wants to have at least $50,000 in her savings account in 10 years. If her account pays 3.6% interest compounded ann
ually, what should Darlene's initial investment be if she plans to keep the account without making deposits or withdrawals? Hint: Use the formula for annual compounding.
In this problem the question asked is what principal should be invested on a rate of interest of 3.6% for 10 years to get the totals amount as 50000$ the formula for compound interest is A=P*(1+R/100)^T we shall replace the formula 50000=X*(1+3.6/100)^10 50000=x*(100/100+3.6/100)^10 50000=x*(103.6/100)^10 50000=X*(1.036)^10 50000=1.4242x 50000/1.4242=X 35107.42=X hope u found this useful feel free to check pls out this as a brainliest answer please
