How much money must be deposited now in an account paying 7.25% annual interest, compounded quarterly, to have? - how much must be deposited now
How much money should be deposited into an account now pays 7.25% APR, compounded quarterly, for a balance of $ 1000 after 10 years?
How Much Must Be Deposited Now How Much Money Must Be Deposited Now In An Account Paying 7.25% Annual Interest, Compounded Quarterly, To Have?
1 comments:
1000 = A (1 +, 0725 / 4) ^ 40
A 1000 = / (1.018125) ^ 40
A = $ 487.48
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