Rashon is going to invest in an account paying an interest rate of 6. 9% compounded quarterly. How much would rashon need to invest, to the nearest dollar, for the value of the account to reach $20,200 in 13 years?.

Rashon is going to invest in an account paying an interest rate of 6. 9% compounded quarterly. How much would rashon need to invest, to the nearest dollar, for the value of the account to reach $20,200 in 13 years?.

capitalis needed to earn $20,200.00 in total over the course of 13 years at a compoundinterestrate of 6.9% per year,compoundedfour times annually.## What is decimal?

decimalnumeral system. It is the expansion of the Hindu-Arabic numeral system to non-integer values. Decimal notation is the term used to describe the method of representingnumbersin the decimal system. A decimal is a number that is divided into two parts: a whole and afraction. Between integers, decimal numbers are used to express the numerical value of complete and partially whole amounts.interestat a rate of 6.9% per yearcompoundedfour times per year for 13 years, the initial primaryinvestmentneeded is $8,300.63.decimal,