Melanie is going to invest in an account paying an interest rate of 3.1% compounded daily. How much would Melanie need to invest, to the nearest dollar, for the value of
the account to reach $11,900 in 14 years?

Using compound interest, it is found that Melanie would need to invest a value of $7,710.

The amount of money earned, in compound interest, after t years, is given by:

In this problem, we have that:

Hence:

Melanie would need to invest a value of $7,710.

To learn more about compound interest, you can take a look at link

mark brainliest

step-by-step explanation:

2 tens + 6 ones

1 ten + 16 ones

0 tens + 26 ones

may i see the picture? it would a lot, xox