Suun2 Today, an investment you made three years ago has matured and is now worth...

50.1K

Verified Solution

Question

Accounting

image
Suun2 Today, an investment you made three years ago has matured and is now worth $3000. It was a three-year deposit that bore an interest rate of 12 percent per year, compounded monthly How much was your initial deposit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students