Register
if you want to withdraw $10000 at the end of two years and $35000 at the end of four years, how much should you deposit now into an account that pays 9% interest compounded annually?
195,986 views
7 votes
7 votes
if you want to withdraw $10000 at the end of two years and $35000 at the end of four years, how much should you deposit now into an account that pays 9% interest compounded annually?

User Aaron Kushner
by
2.7k points

1 Answer

19 votes
19 votes

Answer:

490000 dollars

Step-by-step explanation:

User KaekeaSchmear
by
2.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

What is ventilation system on a boat for
True or false: The maximum tensile force a solid, cylindrical wire can withstand increases as the thickness of the wire increases. True False
Consider the following chain-reaction mechanism for the high-temperatureformation of nitric oxide, i.e., the Zeldovich mechanism: O + N2------ NO + N Reaction 1 N + O2------ NO + O Reaction 2 A. Write
Christopher has designed a fluid power system that repeatedly gets clogs. Which of the following objects should he choose to add to his fluid power system to prevent these clogs in the future? filter pipe
2. The following segment of carotid artery has an inlet velocity of 50 cm/s (diameter of 15 mm). The outlet has a diameter of 11mm. The pressure at inlet is 110 mm of Hg and pressure at outlet is 95 mm
Link Copied!