October 9, 2015

Homework Help: Precalc Math

Posted by NIck on Monday, May 20, 2013 at 10:32pm.

Suppose you want to end up with $5,000 in a bank account after 4 years earning a rate of 3.5% compounding monthly. How much would you have to initially invest? Round to the nearest dollar.

Thanks a lot in advance!! :)

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