tobiascitlaly8659 tobiascitlaly8659

09-03-2020
Business

contestada

You want to have $400,000 to purchase a house 10 years from today. Assuming you can earn 3 percent, compounded annually, how much money must you invest today

Respuesta :

anthonynguyen3006 anthonynguyen3006

10-03-2020

Answer:

$297,638

Explanation:

Future Value (FV) = 400,000 (The amount you need to have in 10 years)

n = 10 years

i/r = 3%/year

Present Value (PV) - Money you need to invest today:

= 400,000 / (1+0.03)^10 = $297,638

Answer Link

Otras preguntas

Who was to blame for the Trojan War? The Greeks, the Trojans, the gods or a specific individual?

what did George Washington accomplish

Describe two structures that allow arthropods to breathe air.

are these complete sentences? Is it a? Will you came ? It is big. The dog. Sam ran fast. She will make lunch.

are these complete sentences? Is it a? Will you came ? It is big. The dog. Sam ran fast. She will make lunch.

Most of the water in plants is lost through the ____.

on a planet, if each year has 9months and each months has 15days, how many full years have passed after 700days on this planet?

Which sediment particle from rocks is the smallest?

are these complete sentences? Is it a? Will you came ? It is big. The dog. Sam ran fast. She will make lunch.

Question: Explain how freedoms for African Americans were socially, politically, and economically limited from 1865 to 1900?