Ask Question
10 July, 06:24

Ryan invests a sum of money in a saving account with a fixed annual interest rate of 4.31% compounded monthly. After 10 years, the balance reaches $12,835.94. What was the amount of the initial investment?

+3
Answers (1)
  1. 10 July, 10:04
    0
    Im pretty sure the answer is $55.32
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ryan invests a sum of money in a saving account with a fixed annual interest rate of 4.31% compounded monthly. After 10 years, the balance ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers