Question:

Darryl made a deposit into an account that earns 7% annual

Last updated: 7/18/2022

Darryl made a deposit into an account that earns 7% annual

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?