Register

If i wanted to make a 40,000 payment in one year with a 5% annual interest rate, how much should i invest now?

If i wanted to make a 40,000 payment in one year with a 5% annual interest rate, how much should i invest now?
asked 61.6k views
1 vote
if i wanted to make a 40,000 payment in one year with a 5% annual interest rate, how much should i invest now?

asked
User Losses Don
by
8.6k points

1 Answer

4 votes

Answer:

38,095.24

Explanation:

40,000 = P(1 + 0.05)^1

P = 40,000/1.05

P = 38095.2380952

answered
User Sif
by
8.4k 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

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!