Homework Help: finance

Posted by Jack on Sunday, March 3, 2013 at 5:11pm.

if you want to have $7000 in 10 years, how much money must you put in a savings account today? Assume the account pays 4% compounded daily.

finance - Dr. Jane, Sunday, March 3, 2013 at 6:49pm
7000 = P(1 + .04/365)^3650

solve for P.

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