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20 January, 13:42

Determine the amount you need to invest to have $22,000 dollars in 4 years if you invest at 5% annual interest, compounded quarterly.

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  1. 20 January, 16:21
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    Step-by-step explanation:

    Метод

    сложных процентов:

    S = 100 (1+

    0,10/2) ^2*2 = 100*1,2155

    = 121,55

    ΔР = 121,55

    - 100 = 21,55 тыс. руб.
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