Assignment Help - homework help

How much must be invested now at 9 interest to accumulate


Present and future value tables of 1 at 9% are presented below.

 

PV of $1

FV of $1   

PVA of $1

FVAD of $1

FVA of
$1

1

0.91743

1.09000

0.91743

1.0900

1.0000

2

0.84168

1.18810

1.75911

2.2781

2.0900

3

0.77218

1.29503

2.53129

3.5731

3.2781

4

0.70843

1.41158

3.23972

4.9847

4.5731

5

0.64993

1.53862

3.88965

6.5233

5.9847

6

0.59627

1.67710

4.48592

8.2004

7.5233

1. How much must be invested now at 9% interest to accumulate to $25,000 in five years?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How much must be invested now at 9 interest to accumulate
Reference No:- TGS01370314

Expected delivery within 24 Hours