Darryl made a deposit into an account that earns 7% annual compound interest. After 36...
50.1K
Verified Solution
Link Copied!
Question
Basic Math
Darryl made a deposit into an account that earns 7% annual compound interest. After 36 months, the value of his account was $1,041.29. What was the approximate amount of Darryl's initial deposit?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
