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please solve useing the following equations and show work An investment plan pays 15% per year, compounded annually. How much would have to be invested

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please solve useing the following equations and show work

image text in transcribed

An investment plan pays 15% per year, compounded annually. How much would have to be invested every year so that $40 000 will be accumulated by the end of 10 years? Ans. S1970.08 2.20 2.21 Repeat Problem 2.20 for an interest rate of 131% per year, compounded annually. Ans. $2119.48

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