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Calculate how much money would have to be invested today to be worth 100,000 in 9 years with in interest compounding at 8% quarterly. show work.

Calculate how much money would have to be invested today to be worth 100,000 in 9 years with in interest compounding at 8% quarterly. show work.
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calculate how much money would have to be invested today to be worth 100,000 in 9 years with in interest compounding at 8% quarterly. show work.

User David Reeve
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1 Answer

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Pv=100000/(1+0.08/4)^(4*9)
Pv=49,022.32
User Sergio Costa
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7.3k points
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