Respuesta :

shivapriyasaji408

Answer:

1409 dollars

Step-by-step explanation:

The initial deposit should be $340.

Given information:

It earned $448 at an interest rate of 2.8% after 10 years.

Calculation of the initial deposit:

We know that

Present value = Future value ÷ (1 + rate of interest)^number of years

[tex]= \$448 \div (1 + 0.028)^{10}[/tex]

= $340

learn more about the rate here: https://brainly.com/question/18432218

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