SOLUTION: How much money must you invest today in order to withdraw 1000 per year if interest rate is 12%?

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Question 1086546: How much money must you invest today in order to withdraw 1000 per year if interest rate is 12%?
Answer by rapture(86) About Me  (Show Source):
You can put this solution on YOUR website!
Use I = Prt.

I = 1000(0.12)(1 year)

You finish.