Homework Help: math

Posted by Anonymous on Tuesday, July 17, 2012 at 10:09pm.

How much would you need to deposit in an account now in order to have $20,000 in
the account in 4 years? Assume the account earns 5% interest.

math - Reiny, Tuesday, July 17, 2012 at 10:14pm
x(1.05)^4 = 20000
solve for x

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