Paisley is going to invest in an account paying an interest rate of 3.8% compounded monthly. how much would paisley need to invest, to the nearest hundred dollars, for the value of the account to reach $1,210 in 6 years?

Step-by-step explanation:

Use the formula

Fill in the info we are given:

and

and

1210 = P(1.255632915) so

P = $964

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