document.write( "Question 130851: How much money would one invest at a yearly rate of 3.4% compounded annually such that after 10 years the value of the investment is $3500? \n" ); document.write( "
Algebra.Com's Answer #95581 by mathispowerful(115)\"\" \"About 
You can put this solution on YOUR website!
The formula to calculate the total amount is\r
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\n" ); document.write( "\n" ); document.write( "A = \"P%2A%281%2BR%29%5En\"\r
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\n" ); document.write( "\n" ); document.write( "Plug in numbers:\r
\n" ); document.write( "\n" ); document.write( "3500 = P*(1+3.4%)^10\r
\n" ); document.write( "\n" ); document.write( "\"P=3500%2F%281.034%29%5E10\"\r
\n" ); document.write( "\n" ); document.write( "\"P=3500%2F1.397\"\r
\n" ); document.write( "\n" ); document.write( "P=2505.37
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