jocekinn jocekinn

10-04-2017
Mathematics

contestada

Find the lump sum that must be deposited today to have a future value of $32,000 in 5 years if funds earn 8% compounded annually

Respuesta :

Aliwohaish12 Aliwohaish12

10-04-2017

32000=p(1+0.08)^5
Solve for p
P=32000/(1.08)^5
P=32,000÷(1.08)^(5)
P=21,778.67

Answer Link

Otras preguntas

¿Quiénes usaban el Camino Inca? los Chasquis nunca se ha usado los españoles los Quitus

Under drought conditions, predict a likely change in the water cycle.

Need help with a math question

Question 15 (5 points) In____bonding positively charged metallic ions are surrounded by a cloud of electrons. ionic covalent triple metallic

The ____ocean and the ____ ocean surround Europe

Help! Will mark BRAINLIEST if right!

What is a cluster of furuncles?

What experience haunted Amory?He saw the ghost of an old friend.He drank too much at a party.He broke up with Isabelle. Isabelle called him conceited.

the basic unit of life

Two manned satellites approaching one another at a relative speed of 0.150 m/s intend to dock. The first has a mass of 2.50 ✕ 103 kg, and the second a mass of 7