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finance

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How much would I have to put away annually to accumulate 50,000 in 8 years given an investment of 10% compounding savings?

  • finance - ,

    let the payment be x

    50000=x(1 - (1.1)^-8)/.1

    let me know if you don't get $9372.20

  • finance - ,

    Pva= ammount[(1+i)^-1]
    ________ = _

    I
    Pva=50000[(1+0.10)8-1
    ____________ =
    0.10

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