maciehutch maciehutch

14-10-2019
Mathematics

contestada

20 POINTS!!
How much should a mother invest at the time her son is born in order to provide him with $50,000 at age 21? Assume that the interest is 6% compounded annually.

Respuesta :

Auspicious Auspicious

14-10-2019

Step-by-step explanation:

x * 1.06^21 = 50,000

x * 3.3995636 = 50,000

x = 12,513.6524 --> $12,513.66

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forgotten29finished forgotten29finished

14-10-2019

Answer:

I just need the points

Step-by-step explanation:

1. 1 times 1 is 1

Answer Link

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