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miss Akunina [59]
3 years ago
10

How much money should be invested now (rounded to the nearest cent), called the initial investment, in a Treasury Bond investmen

t that yields 4.75% per year, compounded monthly for 10 years, if you wish it to be worth $20,000 after 10 years?
Advanced Placement (AP)
1 answer:
Gekata [30.6K]3 years ago
3 0
0.475/12=.00395833
12(10)=120


20,000(1.00395833..)^-120
$12,449.37
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Answer: See explanation

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3 years ago
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<h3>What is multicultural education?</h3>

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This ultimately implies that, the main goal of multicultural education is to help children appreciate their own culture and cultural differences, in order to ensure they have culturally responsible behaviors.

Read more on multicultural education here: brainly.com/question/15077150

#SPJ1

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