Todd has a mutual fund that he has calculated will be worth $ 9 5 0 , 0 0 0 in 3 2 years if it keeps its 1 0 5 monthly compounding rate How much is it worth today

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Todd has a mutual fund that he has calculated will be worth $ 9 5 0 , 0 0 0 in 3 2 years if

Todd has a mutual fund that he has calculated will be worth $

950, 000

32

years if it keeps its

10.5 %

monthly compounding rate. How much is it worth today?

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