Question:

Victoria is going to invest in an account paying an interest rate of 1.5% compounded quarterly. How much would Victoria need to invest, to the nearest hundred dollars, for the value of the account to reach $3,300 in 13 years?

Last updated: 8/15/2022

Victoria is going to invest in an account paying an interest rate of 1.5% compounded quarterly. How much would Victoria need to invest, to the nearest hundred dollars, for the value of the account to reach $3,300 in 13 years?

Victoria is going to invest in an account paying an interest rate of 1.5% compounded quarterly. How much would Victoria need to invest, to the nearest hundred dollars, for the value of the account to reach $3,300 in 13 years?