SOLUTION: How much money would a person have to invest at an APR of 5% compounded annually so that it would be worth $40,000 after 15 years?

SOLUTION: How much money would a person have to invest at an APR of 5% compounded annually so that it would be worth $40,000 after 15 years?

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Question 869582: How much money would a person have to invest at an APR of 5% compounded annually so that it would be worth $40,000 after 15 years?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
40000/(1.050^15)= A
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