Studdy AI Logo
Math  /  Algebra

QuestionScore: 0/1 Penalty: 1 off Watch Video Show Examples
Question William is going to invest in an account paying an interest rate of 5.5%5.5 \% compounded monthly. How much would William need to invest, to the nearest hundred dollars, for the value of the account to reach $980\$ 980 in 7 years? Answer Attempt 1 out of 2 Submit Answer

Studdy Solution
William necesita invertir aproximadamente $700\$700 para que el valor de la cuenta alcance $980\$980 en 7 años.

View Full Solution - Free
Was this helpful?

Studdy solves anything!

banner

Start learning now

Download Studdy AI Tutor now. Learn with ease and get all help you need to be successful at school.

ParentsInfluencer programContactPolicyTerms
TwitterInstagramFacebookTikTokDiscord