Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. madeline is going to invest in an account paying a

Madeline is going to invest in an account paying an interest rate of 4.4% compounded...

50.1K

Verified Solution

Question

Basic Math

image

Madeline is going to invest in an account paying an interest rate of 4.4% compounded annually. How much would Madeline need to invest, to the nearest ten dollars, for the value of the account to reach $16,600 in 12 years?

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

What is herd behavior O O O The tendency for a group of organisms to...

Chemistry
1.2K views

Suppose you have 1.00 L of an aqueous buffer containing 60.0 mmol benzoic acid (pKa =...

Psychology
1.2K views

Explain whether Dr. Nguyen is correct in thinking that extra-legal factors are more important in legal...

Psychology
1.2K views

.Identify three research methods that are commonly used in educational psychology.

Physics
1.2K views

Your cousin’s voice sound different over the telephone than it does in person. This is because...

Accounting
1.2K views

Buzz Appliances manufactures two? products: Food Processors and Espresso Machines. The following data are? available: Food Processors Espresso...

Accounting
1.2K views

Alternative Production Procedures and Operating Leverage Assume Paper Mate is planning to introduce a new executive pen...

Biology
1.2K views

Molecular clocks are based prima 1 neutral mutations O2 natural selection 3 horizontal gene transfer...

Geometry
1.2K views

3 B u 4 C u A u 2 v 16 3 D u O...

Basic Math
1.2K views

Compute the indicated quantity.P(A n B) =P(A) = 0.8, P(B) = 0.2. A and B...

Calculus
1.2K views

What is the discriminant of 6x2 - 2x - 3=0(a)76(b)68(c)29(d)none of these

Accounting
1.2K views

P1, P2, and P3 are partners in XYZ Inc. Their capital balances on Dec 31,...