gymnasthailey03 gymnasthailey03

01-04-2019
Mathematics

contestada

how much you need to deposit today to have $1000 in 5 years at 3%.

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jakehorror jakehorror

01-04-2019

use equation A(t) = a(1+r)^t to solve. you want to find the starting so solve for A

1000 = a(1+.03)^5

1000 = 1.1592740743a

a = $862.61

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