Register

Using the present value formula find how much you should invest now at 5.9% interest Compounded annually in order to have 10,000, 75 years from now.

Using the present value formula find how much you should invest now at 5.9% interest Compounded annually in order to have 10,000, 75 years from now.
asked 11.8k views
3 votes
Using the present value formula find how

much you should invest now at 5.9% interest
Compounded annually in order to have 10,000,
75 years from now.

asked
User Andrzej Rehmann
by
7.1k points

1 Answer

5 votes

Answer:

$10000/(1,059)^(75) =~$135.77

Explanation:

answered
User NotNull
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!