Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How much money invested today at 5.14% compounded annually will have a future value of $48,000 in 20 years? Round all answers to two decimal

How much money investedtodayat 5.14% compounded annually will have a future value of $48,000 in 20 years? Round all answers to two decimal places if applicable.

P/Y = C/YNI/Y%

PVPMTFV$$$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

MATLAB An Introduction With Applications

Authors: Amos Gilat

6th Edition

111938513X, 978-1119385134

More Books

Students also viewed these Finance questions

Question

R Describe the shaded region using set theory notation. U B D

Answered: 1 week ago

Question

5. It is the needs of the individual that are important.

Answered: 1 week ago