SOLUTION: How much should you invest at 4% for 22 months to have $7000 at the end of that period? (Round your answer to the nearest cent.)

SOLUTION: How much should you invest at 4% for 22 months to have $7000 at the end of that period? (Round your answer to the nearest cent.)

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Question 1194567: How much should you invest at 4% for 22 months to have $7000 at the end of that period? (Round your answer to the nearest cent.)
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.

If it is about a compound account, the compounding period should be given in the problem.

If it is about simple interest, it should be declared in the problem EXPLICITLY.

In other words, the problem must be formulated .

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