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How much money should I invest at an annually compounded interest rate of 5% so that I have $800,000 in ten years? Express your answer as a dollar value rounded to the nearest cent.

 Apr 28, 2021
 #1
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800000  =  A  ( 1.05)^10

 

800000 / (1.05)^10   =   A  ≈  $491130.60

 

 

cool cool cool

 Apr 28, 2021

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