SOLUTION: Debbie plans on investing enough money so that she will have $2000 at the end of two years. How much money will she have to invest now if her money will grow according to the follo

SOLUTION: Debbie plans on investing enough money so that she will have $2000 at the end of two years. How much money will she have to invest now if her money will grow according to the follo

Algebra.Com

Question 60111This question is from textbook Elementry and Intermediate Algebra
: Debbie plans on investing enough money so that she will have $2000 at the end of two years. How much money will she have to invest now if her money will grow according to the following formula: 2000 = P (1.025)^4? This question is from textbook Elementry and Intermediate Algebra

Answer by tutorcecilia(2152) (Show Source): You can put this solution on YOUR website!
2000 = P (1.025)^4 [Solve for P]
2000/ (1.025)^4=P
$1811.90=P
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