Ariana is going to invest in an account paying an interest rate of 3.4% compounded monthly. How much would Ariana need to invest, to the nearest dollar, for the value of the account to reach $9,200 in 14 years?

Ariana is going to invest P($) in an account paying an interest rate of 3.4% compounded monthly.

After 14 years, the amount of money in Adrina's account is calculated by:

A = P x (1 + rate)^(time)

or

A = P x (1 + 3.4/12)^(14 x 12)

or

9200 = P x (1 + 3.4/12)^(14 x 12)

=> P = 9200/[(1 + 3.4/12)^(14 x 12)]

=> P = 5791.044$

Hope this helps!

:)

the first one

step-by-step explanation:

just id the test.

well if he bought them at 5 cedis each sold them at 7 cedis each then he would make a profit of 2 cedis of each book. if in total he made 150 cedis profit that means he sold 75 books. he lost 12 books at the start so that means he originally bought a total of 82 books.

step-by-step explanation: