Question

will give a medal to the correct answer!!! please help.
How much money should be invested now (rounded to the nearest cent), called the initial investment, in a Treasury Bond investment that yields 4.75% per year, compounded monthly for 10 years, if you wish it to be worth $20,000 after 10 years?

Hint: A(t) = A0(1 + start fraction r over n end fraction)nt, where A(t) is the final amount, A0 is the initial investment, r is the growth rate expressed as a decimal, n is the number of compounding periods per year, and t is time in years.

$12,574.47
$31,810.49
$12,449.37
$19,225.36

Answer 1

Do you know what a cash flow diagram is?

Answer 2

1 period = 1 month

Answer 3

no

Answer 4

1 period = 1 month okay then what?

Answer 5

got to run

Answer 6

@RUNNER01

Answer 7

@sleepyjess

Answer 8

@AloneS

Answer 9

@jirehnbush are you going to help?

Answer 10

@jirehnbush are you going to help?

Answer 11

I'm thinking

Answer 12

@jirehnbush okay