Waverlee Waverlee
  • 11-01-2021
  • Mathematics
contestada

Luke is going to invest in an account paying an interest rate of 5.9% compounded
daily. How much would Luke need to invest, to the nearest cent, for the value of the
account to reach $114,000 in 19 years?

Respuesta :

marquezalyssa22 marquezalyssa22
  • 23-01-2021

Answer:

37162.09

Step-by-step explanation:

Answer Link

Otras preguntas

What rate of simple interest is needed for $700 to double, in 3 years?
Can you easily multiply two terms with different bases? yes or no?
Help please........................
When inflation falls, people a. make less frequent trips to the bank and firms make less frequent price changes. b. make less frequent trips to the bank while f
What musical element is described with the phrase "two-part AB form"?
What is one downside to environmental-protection laws?
A ladder leans against a building. The angle of elevation of the ladder is 70°. The top of the ladder is 25 ft from the ground. To the nearest tenth of a foot,
Is table salt, NaCl, a typical ionic compound? Explain.
organisms that break down unabsorbed nutrients after digestion
Which of the following effects of a BAC of .2 percent does NOT relate to one’s driving ability? impaired gross motor skills such as walking or gestures lack of