SOLUTION: After 20 years, Sheila's account earned $600 in interest. If the interest rate is 6%, how much did Sheila initially invest?

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Question 768208: After 20 years, Sheila's account earned $600 in interest. If the interest rate is 6%, how much did Sheila initially invest?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


That depends on how frequently the interest was compounded.

John

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