SOLUTION: Keishawn wants to have $6,000 in 20 years. Calculate how much he should invest now at 8% interest, compounded annually to reach his goal.

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Question 798508: Keishawn wants to have $6,000 in 20 years. Calculate how much he should invest now at 8% interest, compounded annually to reach his goal.
Answer by Finavon(81) About Me  (Show Source):
You can put this solution on YOUR website!
N invested now
+N+%2A+1.08%5E20+=+6000+
+N=6000%2F4.66+=+1287.29+
Need $1287.29