If you want to have $379,283 in 6 years, how much money should you put in a savings account today? Assume that the savin

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899604
Joined: Mon Aug 02, 2021 8:13 am

If you want to have $379,283 in 6 years, how much money should you put in a savings account today? Assume that the savin

Post by answerhappygod »

If you want to have $379,283 in 6 years, how much money should
you put in a savings account today? Assume that the savings account
pays you 4.1 percent and it is compounded annually. Round
the answer to two decimal places
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”