Answer:  Quiz of the Week #23:

Q:   Al Dixon invested an amount of money in a bank at 7.93 % for 2 years.

The interest was compounded yearly.

At the end of of 2 years, Al Dixon had $34,363 in the bank.

Find the orginal amount invested 2 years ago.

Give your answer to the nearest dollar.

 

A:     $29,499.00

 

 

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