mycraft009
mycraft009 mycraft009
  • 04-05-2016
  • Advanced Placement (AP)
contestada

How much money should be invested now (rounded to the nearest cent), called the initial investment, in a Treasury Bond investment that yields 4.75% per year, compounded monthly for 10 years, if you wish it to be worth $20,000 after 10 years?

Respuesta :

englishhw englishhw
  • 08-05-2016
0.475/12=.00395833
12(10)=120


20,000(1.00395833..)^-120
$12,449.37
Answer Link

Otras preguntas

the media includes forms of communication that​
24 xу - 2 2xy - 2x What's the answer​
PLEASE HELP ME!!!!! DUE IN 7 MINUTES!!!! PLEASE HELP I REPEAT PLEASE HELP ME OUT RIGHT NOW!!!! What European explorer is America named after????
whats the difference between irrational and rational numbers
Are the concerns that Washington had about the nation’s foreign affairs still applicable today? Why or why not?
how do i find slop in geoerye
Read the excerpt from The Crisis, Number I by Thomas Paine. “I once felt all that kind of anger, which a man ought to feel, against the mean principles that are
8+-2w>4 I dont know this i gotta solve fore w.
Which of following BEST defines climate?
What is the science behind preforming dynamic stretches pre-workout rather than static stretches?