Ask Question
29 March, 08:09

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

+3
Answers (1)
  1. 29 March, 09:09
    0
    P=A: (1+r/k) ^kt

    p=275,000: (1+0.0565:12) ^ (12*6)

    p=196,088.61
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers