SOLUTION: How much do you need to invest in an account earning an annual interest rate of 3.259% compounded daily, so that your money will grow to $7,210.00 in 50 days?

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Question 1138635: How much do you need to invest in an account earning an annual interest rate of 3.259% compounded daily, so that your money will grow to $7,210.00 in 50 days?

Found 2 solutions by josmiceli, MathTherapy:
Answer by josmiceli(19441)   (Show Source): You can put this solution on YOUR website!





$71,689.25
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Check the math and get another opinion if needed

Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

How much do you need to invest in an account earning an annual interest rate of 3.259% compounded daily, so that your money will grow to $7,210.00 in 50 days?
If a 
That's a mere difference of $0.44....somewhat insignificant to the investor, but not to the institution where it's invested.
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