SOLUTION: Hello Tutors, Can I please have your assistance? What must be invested today, to be worth $20,000 in 10 years, if it is compounded yearly at 8%?

SOLUTION: Hello Tutors, Can I please have your assistance? What must be invested today, to be worth $20,000 in 10 years, if it is compounded yearly at 8%?

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Question 1040960: Hello Tutors,
Can I please have your assistance? What must be invested today, to be worth $20,000 in 10 years, if it is compounded yearly at 8%?
Answer by josgarithmetic(39620) (Show Source): You can put this solution on YOUR website!

Choose the base you want, b, and evaluate .

You want the antilog of r.

You would most likely choose 10 or e for b.
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