Mathematics, 26.10.2021 03:30 certifiedtino4576

James wants to have earned $5,607 amount of interest in 26 years. Currently he finds that his annual interest rate is 6.89%. Calculate how much money James needs to invest as his principal in order to achieve this goal. Round answers to the nearest hundredth (two decimal places). The answer will not have a dollar sign, and be rounded to the nearest cent.

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James wants to have earned $5,607 amount of interest in 26 years. Currently he finds that his annual...