Kim invested a sum of money 4 yr ago in a savings account


Question - Kim invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded monthly. Her investment is now worth $19,830.81. How much did she originally invest? (Round your answer to the nearest cent.)

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Kim invested a sum of money 4 yr ago in a savings account
Reference No:- TGS02544773

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)