SOLUTION: how much money should be invested now in an account earning 6% interest so that 20 years from now, the balance in the account will be 100,000 if the interest is (a) compounded annu
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: how much money should be invested now in an account earning 6% interest so that 20 years from now, the balance in the account will be 100,000 if the interest is (a) compounded annu
Log On
Question 1024353: how much money should be invested now in an account earning 6% interest so that 20 years from now, the balance in the account will be 100,000 if the interest is (a) compounded annually (b) compounded continuously? round the nearest cent. Answer by solver91311(24713) (Show Source):
