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If you have $3,500 after 8 years on an investment that pays 5.3% compounded weekly, what was the principle amount you started with? Write your final answer out to the second decimal place. A = r= n = Type out the formula here with the known values: Answer: P =

If you have $3,500 after 8 years on an investment that pays 5.3% compounded weekly, what was the principle amount you started with? Write your final answer out to the second decimal place. A = r= n = Type out the formula here with the known values: Answer: P =

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 66SE: Kyoko has 10,000 that she wants to invest. Her bankhas several investment accounts tochoose from,...
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If you have $3,500 after 8 years on an investment that pays 5.3% compounded weekly, what was the principle amount you started with? Write your final answer out to the second decimal place. A = r= Type out the formula here with the known values: Answer: P =
Transcribed Image Text:If you have $3,500 after 8 years on an investment that pays 5.3% compounded weekly, what was the principle amount you started with? Write your final answer out to the second decimal place. A = r= Type out the formula here with the known values: Answer: P =
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