How much money should be invested now (rounded to the nearest cent), called the initial investment, in a Treasury Bond investment that yields 9% per year, compounded monthly for 10 years, if you wish it to be worth $50,000 after 10 years?

Question

kiki99 · Answer

$21,120.54
 $5,450.00
 $122,567.85
 $20,396.87

kiki99 · Answer

@Mahoganie.Carson

kiki99 · Answer

@Mehek14

Mercury · Answer

Very similar problem was asked & answered here: https://questioncove.com/study#/updates/5f0c93a163cb3dfcb98c2800 simply adjust for the numbers given in your problem