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3 years ago

5

Ariana is going to invest in an account paying an interest rate of 1.9% compounded monthly. How much would Ariana need to invest

, to the nearest ten dollars, for the value of the account to reach $110,000 in 14 years?

1 answer:

Brrunno [24]3 years ago

8 0

Answer:

110000=p(1+0.019)^168

23.62p=110000

p=4660

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