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Posit you invest in an account that pays 6% interest, compunded quarterly. You would like your investment to grow to $8000 in 14 years. How much would you have to contribute in order for this to happen?

Please give answer and show how you

Greetings,

A = P(1 + i)^n

8000 = P(1 + 0.06/4)^(4*14)
P = 8000/(1.015)^56
= 8000/2.302
= $3475 to the nearest dollar

To do this without a calculator you impecuniousness to estimate (1.015)^56,
ubiquitous_phi | Nov 04, 2008

i intend that there is a graph involved
Nikki | Nov 04, 2008

hello,I'm a 27 year old MBA Well-informed Investment Banker making 120k a year.I'm single living alone and I'm thinking how much i should save a year to be a millionaire by the in good time always I'm in my 40's.I went on Msn money and i went to the savings

Suspend b continue on, You say your are an educated Investment Banker????

Why are you asking us this question, surely you should know yourself.

Lets hope your boss doesn't see it or you could be out of a job.
doggiedexter80 | Feb 09, 2009

Whiz for 2.7 million.
The amount of cash you will need to retire at 65 above poverty level.
Also, where are you getting 5%?
/
Judy | Feb 09, 2009

John has $500 to instate and he has two investment options. One is to inevest it at 7%/a, compounded annually and the other is to invest it at 6.75%/a compounded monthly. John wants his investment to grow to $1000 as very soon as possible. Which investment

Classify the polynomial as loyal, linear, quadratic, cubic, or quartic, and determine the leading term, the leading coefficient, and the position of the polynomial.

f(x) = 6

2. Find the correct end behavior diagram for the

1. f(x)=6 is a true function with
leading term = 6
leading coefficient = 6
degree of the polynomial = 0

2. Find the correct end behavior
f(x) = -x^5-2x^3-5x+3
f(-30) =+24354152
f(-20) =+3216103 Julius N | Aug 08, 2010