document.write( "Question 969051: Hello tutor I am really struggling with this question and require your help pleas.\r
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document.write( "What must be invested today, to be worth $20,000 in 10 years, if it is compounded yearly at 8%? \n" );
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Algebra.Com's Answer #592061 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! What must be invested today, to be worth $20,000 in 10 years, if it is compounded yearly at 8%? \n" ); document.write( "------------------ \n" ); document.write( "20000 = AMT*(1.08)^10 \n" ); document.write( "AMT = 20000/(1.08)^10 \n" ); document.write( "=~ $9263.87 \n" ); document.write( " \n" ); document.write( " |