How much money should I invest at an annually compounded interest rate of 5% so that I have $500,000 in ten years?
i don't think i got it from there :( here's what i thought:
now that i know all the variables(thanks to you!) i have:
but then dividing both sides by 10.5 gives me a really funky number (47619.0476) so i don't think it's right.. what did i do wrong??