Asked by 123
Did I solve the question correctly? I think my answer is to high to be correct.
If you want to have $60,000 in 10 years, calculate the amount that should be put into a 6% saving account
now.
60000*(1/1+.06)^10)=33,503.69
If you want to have $60,000 in 10 years, calculate the amount that should be put into a 6% saving account
now.
60000*(1/1+.06)^10)=33,503.69
Answers
Answered by
oobleck
yes
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