ariana is going to invest in an account paying an interest rate of 1.9% compounded monthly. how much would ariana need to invest, to the nearest ten dollars, for the value of the account to reach $110,000 in 14 years?

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  $84,330

Step-by-step explanation:

The compound interest formula gives the value of an investment.

  A = P(1 +r/n)^(nt)

where principal P is invested at annual rate r compounded n times per year for t years. Using your given values, we can solve for P.

  110,000 = P(1 +0.019/12)^(12·14)

  P = 110,000/(1 +0.019/12)^(12·14) ≈ 110,000/1.00158333...^168

  P ≈ 110,000/1.30446

  P ≈ 84326.04 ≈ 84,330 . . . . dollars

step-by-step explanation:

168

step-by-step explanation:

i am pretty sure that the answer is 168