Post a New Question

finance

posted by .

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 -

    7000 = P(1 + .04/365)^3650

    solve for P.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question