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! :)

Algebra  Reiny, Wednesday, April 1, 2009 at 4:55pm
x(1.05)^10 = 500000
solve for x