How much would you have to invest today at 7% compounded annually to have $65,000 available...

Question

Question

How much would you have to invest today at 7% compounded annually to have $65,000 available for the purchase of a car five years from now?

business finance

Answer 1

Answer #1

Suppose amoant inves ted to day Homount = %3D Ropat 650 00 %3D Interest (i) = 7 %. Time (t) = 5 years %3D We know thats Amoun

Answer 2

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