If you need $25,000 eight years from now, what is the minimum amount of money you need to deposit
into a bank account that pays an annual percentage rate (APR) of 5% that is compounded-
a. once a year?
Please Help me on this ! ( don’t send links)

Question

02-05-2022
Mathematics

Answered

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If you need $25,000 eight years from now, what is the minimum amount of money you need to deposit
into a bank account that pays an annual percentage rate (APR) of 5% that is compounded-
a. once a year?
Please Help me on this ! ( don’t send links)

Sagot :

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