Register
If you need $25,000 eight years from now, what is the minimum amount of money you need to deposit into a bank account that pays an annual percentage rate (APR) of 5% that is compounded- a. once a year?
128k views
1 vote
If you need $25,000 eight years from now, what is the minimum amount of money you need to deposit

into a bank account that pays an annual percentage rate (APR) of 5% that is compounded-
a. once a year?
Please Help me on this ! ( don’t send links)

If you need $25,000 eight years from now, what is the minimum amount of money you-example-1
User Alex Dima
by
7.1k points

1 Answer

12 votes
About half of that because 8 x
12
User Brandon Cordell
by
6.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.7m questions

10.4m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!