Thursday

July 31, 2014

July 31, 2014

Posted by **Maame** on Saturday, May 26, 2012 at 10:54am.

$15 000 in 10 years. How much does he need to invest now?

- MATH -
**Maame**, Saturday, May 26, 2012 at 11:04amPV = A( 1+i)^n

=15,000(1+0.025)^-40

=$5586.46

- MATH -
**drwls**, Saturday, May 26, 2012 at 11:09amThe balance gets multiplied bu 1.025 forty times.

X*(1.025)^40 = 15,000.

2.685063838X = 15,000.

X = $ 5586.46

**Related Questions**

matttth help please - 1. Mike wants to invest money every month for 40 years. ...

math - Jim wants to deposit money in an account to save for a new stereo system ...

Math - Jason Printing has $85,000 to invest. They can invest in Wilder Revenue ...

math - how much money should you invest now to have 5000 in 11 years if you ...

math - how much money should you invest now to have 7000 in 11 years if you ...

math - how much money should you invest now to have 6000 in 11 years if you ...

Math - James has 10,000 to invest. If he invest money in a savings account that ...

Math - Jason Printing has $85,000 to invest. They can invest in Wilder Revenue ...

Math - Jason Printing has $85,000 to invest. They can invest in Wilder Revenue ...

math - Compound Interest Question James has 10,000 to invest. If he invest money...