How much money must you invest today at 8% compounded quarterly so that your investment will be worth $500,000 in 30 years? Please round your answer to the nearest cent. Calculator

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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How much money must you invest today at 8% compounded quarterly so that your investment
will be worth $500,000 in 30 years? Please round your answer to the nearest cent.
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Transcribed Image Text:How much money must you invest today at 8% compounded quarterly so that your investment will be worth $500,000 in 30 years? Please round your answer to the nearest cent. I Calculator > Next Question MacBook Air 80 888 F4 F3 F5 F6 F7 FB F9 F1 F2 & 2$ 4 @ #3 2 5 8 9 W E Y
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