Mathematics
cassidycrane
17

kinsey deposited money into an account in which interest is compounded monthly at a rate of 3.1%. She made no other deposits of withdrawals and the total amount in her account after 5 years was $2685.08. how much did she deposit?

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(1) Answers
LashaunTrolinger984

A=2,685.08÷(1+0.031÷12)^(12×5) =2,300.00

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