Question

How much money must be invested at 4% interest compounded quarterly to yield $50,000 after 10 years?

Answer 1

Time period The formula for ro years Rate of interest R= 51/ Amount to be $ 50,000 yielded Money to be initially invested PI Amount after interest in compounded quarterly. 4t A P It (R/4) 100 4 X10 50000 P T + 514 Do P 50000 (1.0125) Р 30,42 0.67 1 20 => - at We need to invest $ 30,420.67 4.1. interest compounded quarterly $ 50 000 after 10 years. to yield