Question:

Victoria is going to invest into an account that pays 9%

Last updated: 8/7/2022

Victoria is going to invest into an account that pays 9%

Victoria is going to invest into an account that pays 9% compounded daily. How much would Victoria need to invest, to the nearest dollar, for the value to account to reach $580 in 6 years? (a)$338.02 (b)$3 (c)$338 (d)$2.64