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12 December, 20:08

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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  1. 12 December, 20:39
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    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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