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Anonymous
Anonymous asked in Business & FinancePersonal Finance · 2 weeks ago

Math help?

Ms. Singh wants to invest money today to have $1000 in 6 years. If she invests her money at 5.75% per year, compounded quarterly, how much does she need to invest?

1 Answer

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  • fcas80
    Lv 7
    2 weeks ago

    1000/(1 + .0575/4)^(6*4) = 709.96

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