SOLUTION: How much must you deposit in an account that pays 3.5% interest compounded yearly to have a balance of $400 after 6 years?

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Question 28128: How much must you deposit in an account that pays 3.5% interest compounded yearly to have a balance of $400 after 6 years?
Answer by Paul(988) About Me  (Show Source):
You can put this solution on YOUR website!
Formula:
A=400%281%2B0.35%29%5E6
Can you solve it from there?

Paul.