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Can someone please help me on this math problem I really need help and the answer because I cant figure it out. 

 Nov 1, 2021
edited by Jmaster10  Nov 1, 2021
 #1
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Period is 3 months ( quarterly)

i = interest per PERIOD = .07 /4

periods = 5 yrs * 4 = 20 periods

 

future value = 60 000

 

60 000 = p ( 1+ .07/4)20        Now....can you solve for 'p' ?

 Nov 1, 2021
 #2
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Thank you soo much that is very helpful

 Nov 1, 2021

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