SOLUTION: Find how much money needs to be deposited now into an account to obtain $1,000 (future value) in 10 years if the interest rate is 4.5% per year compounded annually.

SOLUTION: Find how much money needs to be deposited now into an account to obtain $1,000 (future value) in 10 years if the interest rate is 4.5% per year compounded annually.

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Question 1167617: Find how much money needs to be deposited now into an account to obtain $1,000 (future value) in 10 years if the interest rate is 4.5% per year compounded annually.
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.


    1000 = 


    1000 = 


    X =  = 643.93 dollars.    ANSWER

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