How much money should be invested in an account that earns 9% interest, compounded monthly, in order to have $15,000 in 5 years? (Round your answer to two decimal places.) _______$

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 93E
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How much money should be invested in an account that earns 9% interest, compounded monthly, in order to have $15,000 in 5 years? (Round your answer to two decimal places.)
_______$ 

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