SOLUTION: i need some help on this one. i tried all the formula and i couldn't get the answer. If you want to have $3000 in 3 years how much do you need to place in as savings now that pays

Question 1131557: i need some help on this one. i tried all the formula and i couldn't get the answer. If you want to have $3000 in 3 years how much do you need to place in as savings now that pays 5% compounded daily? round to the nearest cent.
Answer by josgarithmetic(39617) (Show Source): You can put this solution on YOUR website!
Assuming 5% rate is for annual, and if 365 days in the year,

Solve for p.
RELATED QUESTIONS
I need some help with this problem. I have tried to work it and cannot seem to come up... (answered by ankor@dixie-net.com,mangopeeler07)

If $3000 is invested at an interest rate of 5% each year, find the amount of the... (answered by jim_thompson5910)

I need some help with: (3x^3+22^2+38x+15)=(x+5) Im supposed to use long division. Ive... (answered by stanbon)

The directions for the problem is "Solve each equation for x to three significant digits� (answered by fractalier)

Divide (6x3 - 5x2 - 13x + 13) � (2x + 3) Please help. I need step by step help on... (answered by stanbon)

I am a pipe fitter. I have been told a shorcut to determine an answer all my life and I... (answered by mananth)

Evaluate and express your answer in trigonometric form: 3(cos π/3 + i sin π/3)*4(cos (answered by ikleyn)

I am trying to use the pythagorean theorem on right triangles. We are supposed to do the... (answered by greenestamps,ikleyn)

You deposit $3000 at the beginning of each year into an account earning 6% interest... (answered by ikleyn,MathTherapy)