Posted by **Cassie** on Wednesday, April 1, 2009 at 4:02pm.

How much money should I invest at an annually compounded interest rate of 5% so that I have $500,000 ten years?

How would I figure this out?

Thank you! :-)

## Answer this Question

## Related Questions

- Precalc - suppose you want to invest $60,000 for ten years. You can invest your ...
- Mathematics and investment - 1. Angelo wants to renovate his house in 3 years. ...
- math - Jim wants to deposit money in an account to save for a new stereo system ...
- Math - Please help check my answers to make sure they are correct. I used the "...
- MATH - Please help check my answers to make sure they are correct. I used the "...
- Math - Please check my work, thank you If $7,800 is deposited into an account ...
- Algebra - Greta invests $10,000 in an investment that pays 3% interest, ...
- Business Math and Statistics - You deposit $1,000 for 4 years at an interest ...
- math - Jim wants to deposit money in an account to save for a new stereo system ...
- Math - A savings account at Xyz bank offers 4% interest, compounded annually. ...

More Related Questions