Posted by **NIck** on Monday, May 20, 2013 at 10:32pm.

Suppose you want to end up with $5,000 in a bank account after 4 years earning a rate of 3.5% compounding monthly. How much would you have to initially invest? Round to the nearest dollar.

Thanks a lot in advance!! :)

## Answer This Question

## Related Questions

- math - Suppose you start saving today for a $30,000 down payment that you plan ...
- Finance - You have just placed $1,500 in a bank savings deposit and plan to hold...
- Math - Envision that you have served as business manager of Media World for ...
- FINANCE - Now that they have accumulated a deposit of 55,000 Jack and Jill take ...
- math - If you deposit $10,000 in a savings account now, what interest rate ...
- math - Suppose payments were made at the end of each month into an ordinary ...
- math - Suppose you invest $2500 at an annual interest rate of 3% compounded ...
- Math - You have borrowed $135,000 from the bank today. You are required to repay...
- Mathematics and investment - 1. Angelo wants to renovate his house in 3 years. ...
- math - Suppose an individual makes an initial investment of $1100 in an account ...

More Related Questions