laurenwoods472 laurenwoods472

28-02-2017
Mathematics

contestada

How much would you need to invest to get $20,000 in 5 years at an annual interest rate of 8.5% compounded monthly?

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Aliwohaish12 Aliwohaish12

01-03-2017

P=20,000÷(1+0.085÷12)^(12×5)
P=13,094.999

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