Amanda is going to invest to help with a down payment on a home. How much would she have to invest to have $23,400 after 9 years, assuming an interest rate of 1.79% compounded annually? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas.
Amanda is going to invest to help with a down payment on a home. How much would she have to invest to have $23,400 after 9 years, assuming an interest rate of 1.79% compounded annually? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas.
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
Problem 6E
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