Find what amount must be invested today at an interest rate, Microeconomics

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Find what amount must be invested today at an interest rate

Problem

What amount must be invested today at an interest rate of a, compounded monthly, if you want to purchase a $450,000 machine 4 yr in the future?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Find what amount must be invested today at an interest rate

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Microeconomics: Find what amount must be invested today at an interest rate

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