Using the formula for present value of money to calculate the amount you need to invest now in one lump sum in order to have $100,000 after 18 years with an APR of 11% compounded quarterly. Round your answer to the nearest cent if necessary
Using the formula for present value of money to calculate the amount you need to invest now in one lump sum in order to have $100,000 after 18 years with an APR of 11% compounded quarterly. Round your answer to the nearest cent if necessary
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
ChapterCSR: Contents Of Student Resources
Section: Chapter Questions
Problem 7.36EP
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Using the formula for present value of money to calculate the amount you need to invest now in one lump sum in order to have $100,000 after 18 years with an APR of 11% compounded quarterly. Round your answer to the nearest cent if necessary
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