Ask Question
24 July, 22:42

If he have 275000 available in 6 years how much does he need to invest now in a cd paying 5.65% interest compounded monthly

+5
Answers (1)
  1. 24 July, 22:55
    0
    P=A: (1+r/k) ^kt

    p=275,000: (1+0.0565:12) ^ (12*6)

    p=196,088.61
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If he have 275000 available in 6 years how much does he need to invest now in a cd paying 5.65% interest compounded monthly ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers