Asked by Anonymous
How much would you need to deposit in an account now in order to have $20,000 in
the account in 4 years? Assume the account earns 5% interest.
the account in 4 years? Assume the account earns 5% interest.
Answers
Answered by
Reiny
x(1.05)^4 = 20000
solve for x
solve for x
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.