8. Compound interest is given by the formula A= P(ltr)t. Where A is the balance of the account after & years, t and P is the starting principal invested at an annua percentage rate ofr, expressed as a decimal. Josian is investing money into a savings account that pays 5% interest compounded annually, and plans to leave it there for 20 years. Determine what Josiah needs to deposit now in order to have a balance of 30,000 in his Savings account after 20 years. Josian will have to invest new in order to have a balance of 30,000 in his savings account after 20 years. Round your the nearest dollar. A POHY answer up to

8. Compound interest is given by the formula A= P(ltr)t. Where A is the balance of the account after & years, t and P is the starting principal invested at an annua percentage rate ofr, expressed as a decimal. Josian is investing money into a savings account that pays 5% interest compounded annually, and plans to leave it there for 20 years. Determine what Josiah needs to deposit now in order to have a balance of 30,000 in his Savings account after 20 years. Josian will have to invest new in order to have a balance of 30,000 in his savings account after 20 years. Round your the nearest dollar. A POHY answer up to

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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