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If Julius wants to have $1,500,000 when he retires in 20 years. How much money would he have to invest today, assuming the investment pays 10% interest and is compounded daily? Round to the nearest cent.
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If Julius wants to have $1,500,000 when he retires in 20 years. How much money would

he have to invest today, assuming the investment pays 10% interest and is compounded
daily? Round to the nearest cent.

User Ehsan Kiani
by
7.9k points

1 Answer

3 votes

The nearest cent is 814.45

User Danil Kuznetsov
by
7.2k points
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