Kim invested a sum of money 4 yr ago in a savings account that has since paid

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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.)

Related Book For answer-question

Calculus

ISBN: 978-0131429246

9th edition

Authors: Dale Varberg, Edwin J. Purcell, Steven E. Rigdon

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Posted Date: May 12, 2022 02:43 AM

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Kim invested a sum of money 4 yr ago in a savings account that has since paid

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To find out how much Kim originally invested we can use the formula for comp... View the full answer

Calculus

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