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

Mathematics

1 answer:

IRINA_888 [86]2 years ago

5 0

Answer:

38,095.24

Step-by-step explanation:

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

P = 40,000/1.05

P = 38095.2380952

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