document.write( "Question 1104558: how much should be deposited into an account that pays 3.5 % interest compounded daily in order to have 4200 in 8 years \n" ); document.write( "
Algebra.Com's Answer #719343 by jorel1380(3719)![]() ![]() You can put this solution on YOUR website! Let n be your number. Then: \n" ); document.write( "4200=n(l+.035/360)^(360x8) \n" ); document.write( "4200=n(1.0000972222222222222222222222222)^(2880) \n" ); document.write( "4200=1.3231118043602756032502622786607 x n \n" ); document.write( "n=$3174.34 \n" ); document.write( "☺☺☺☺ \n" ); document.write( " |