Asked by Jaidon


A company will need ​$35,000 in 7 years for a new addition. To meet this​ goal, the company deposits money in an account today that pays 4% interest compounded annually. Find the amount to the nearest hundred dollars that should be invested to total ​$35,000 in 7 years.
Answered by Reiny
x(1.04)^7 = 35000

solve for x

let me know what you get.
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