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OpenStudy (anonymous):
If Sarah can earn 4 percent annually for the next 35 years, the amount of money she will have to invest today is
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OpenStudy (anonymous):
im dumb
OpenStudy (anonymous):
are you sure that's the complete question?
OpenStudy (anonymous):
yes
OpenStudy (anonymous):
ok i will get back to you
OpenStudy (anonymous):
We seem to be missing a piece of data. Does the problem state how much Sarah will have at the end of 4 years? The formula is: FV =PV(1+r)t Where FV is the future value, PV is the present value, r is the annual interest rate expressed as a decimal, and t is years. You gave us r and t, but not FV. To solve for PV (present value), we need FV, r, and t... ....... hope it helps...........
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