March 24, 2017

Post a New Question

Posted by 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! :-)

  • Algebra - , Wednesday, April 1, 2009 at 4:55pm

    x(1.05)^10 = 500000
    solve for x

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question