Advanced Algebra and financial aplication

SoccerBoss
Category:
Algebra
Price: $5 USD

Question description

Gus needs $10,000 at the end of four years to help pay for his first year of college. Gus finds a savings account that offers 3.2% interest compounded monthly. How much principal must Gus deposit to earn $10,000 in the account? Round answer to the nearest dollar.

Tutor Answer

(Top Tutor) Daniel C.
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School: Boston College
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