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3 years ago

6

Jacob would like to have $50,000 when he turns 40 (so he can throw a big party for all his former teachers!) he has about 35 yea

rs to invest his money. If he found an account that earns 4.5%intrist annually, how much must he invest NOW to have $50,000 for the party?

1 answer:

zepelin [54]3 years ago

3 0

Jacob must now invest $10,712,72 to have $50,000 for the party.

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