You want to have $16,500 in 10 years. You will invest how much into an account that has an annual rate of 4.2% compounded daily? Round your answer to two decimal places. Do not include the $ sign in your answer. Assume 365 days per year. Your Answer:

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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An account earns an annual rate of 4.9% compounded monthly. If $3,000 is
deposited into this account, then after 8 years there is $
Round your answer to two decimal places.
Your Answer:
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Transcribed Image Text:An account earns an annual rate of 4.9% compounded monthly. If $3,000 is deposited into this account, then after 8 years there is $ Round your answer to two decimal places. Your Answer: Answer
You want to have $16,500 in 10 years. You will invest how much into an account that
has an annual rate of 4.2% compounded daily?
Round your answer to two decimal places. Do not include the $ sign in your answer.
Assume 365 days per year.
Your Answer:
Transcribed Image Text:You want to have $16,500 in 10 years. You will invest how much into an account that has an annual rate of 4.2% compounded daily? Round your answer to two decimal places. Do not include the $ sign in your answer. Assume 365 days per year. Your Answer:
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