twigurl23 twigurl23

17-04-2017
Mathematics

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How many dollars must you invest today to have $90,700 in 25 years? Assume that the money earns 6.75% compounded quarterly.

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MadisonRL MadisonRL

17-04-2017

Not sure but I think that's it... let me know

90,700=p(1+0.0675/4)^25x4

90,700=p(1.016875)^100

90,700=p(5.33036598)

p=17,015.7172

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