How much do I have to deposit today in order to have $5000 in 5 years if interest is 8.5% compounded annually?
1 answer:
Answer:
PV= $3,402.9
Step-by-step explanation:
Giving the following formula:
Future Vale (FV)= $5,000
Number of years (n) 5 years
Interest rate (i)= 8.5% compounded annually
<u>To calculate the initial investment (PV), we need to use the following formula:</u>
PV= FV / (1 + i)^n
PV= 5,000 / (1.085^5)
PV= $3,402.9
You might be interested in
Answer:
Step-by-step explanation:
i think its a
Answer:
c
Step-by-step explanation:
hehehehhehrhehheheh
Steve and Chelsea will have the same amount of money on the 12 week. I can’t graph it but I am a little sure that is the answer
Answer:
Least 2 Greatest:
7/12, 5/8, 13/20, 11/15
Step-by-step explanation:
Googled it
Plz say thxs and rate me!
Yours Truly.
From what it looks like I don’t think it’s perpendicular because the points are not even from what it looks like I’m not the best in math
