Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You can get.46% per month interest in an account. In 8 years you want to have $79,000. How much do you have to invest now?

image text in transcribed

You can get.46% per month interest in an account. In 8 years you want to have $79,000. How much do you have to invest now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.)

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_2

Step: 3

blur-text-image_3

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

Financial Management Principles And Practice

Authors: Timothy Gallagher

6th Edition

1930789157, 978-1930789159

More Books

Students also viewed these Finance questions