SOLUTION: Aisha plans to invest some of her personal money today in a bank Certificate of Deposit (CD) at an interest rate of 5% compounded annually so she can later have $50,000 available f

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Question 1146852: Aisha plans to invest some of her personal money today in a bank Certificate of Deposit (CD) at an interest rate of 5% compounded annually so she can later have $50,000 available for the purchase of a new heavy-duty pickup 4 years from now. What amount will Aisha need to invest today in order to have adequate funds available in 4 years?
Answer by ikleyn(52781)   (Show Source): You can put this solution on YOUR website!
.

50000 = ,


where A is the amount to deposit today.


50000 = 


A =  = 41135.12 dollars.    ANSWER


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