sadecranston sadecranston

29-05-2017
Mathematics

contestada

If he have 275000 available in 6 years how much does he need to invest now in a cd paying 5.65% interest compounded monthly

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Aliwohaish12 Aliwohaish12

30-05-2017

P=A÷(1+r/k)^kt
p=275,000÷(1+0.0565÷12)^(12×6)
p=196,088.61

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