Question

Miranda wants to give her 14-year-old daughter $20,000 when she turns 18. How much does she need to put in the bank now if the interest rate is 10 percent per year?

Answer 1

let X be the investment now
20000=X(1+10%)^4

Answer 2

got it?

Answer 3

Yup Thannks ")

Answer 4

next question

Answer 5

Wait How Do I Type This N The Calculator ,

Answer 6

what is N?

Answer 7

No How Do I Type It In My Calculator

Answer 8

what N stands for that you are trying to type?

Answer 9

How Do I Type 20000=x(1+10%)^4 In My Calculator How Do I Find The Answer

Answer 10

write 20000
and divide it by 1.1^4

Answer 11

you will get the answer

Answer 12

Thannks ")