Asked by uyen

you saved $25000 to buy a new car in time for graduation in 2020. in 2010 you invested in a certain amount of your savings in a blue chip stock that yields 5% interest compounded monthly. find out much money you started with before you saved enough to buy a new car.
Answered by Reiny
what is 25000(1 + .05/12)^-120 ?
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