Ryan invests a sum of money into a retirement account when he was 21 The account has an annual interest rate of 6 2 and is

Question

Ryan invests a sum of money into a retirement account when he was 21 The account has an annual interest rate of 6 2 and is compounded semiannually Ryan is now 37 and the account has 13 050 What was the initial amount of money Ryan invested into the account 4912 85 4816 93

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