Answer to Question #233735 in Civil and Environmental Engineering for Alan Enrico V Tuib

Question #233735
How much must you invest now at 7.9% interest to accumulate $175,000 in 63 years?
1
Expert's answer
2021-09-10T00:03:29-0400

Here we need to calculate the present value of 175000 at 7.9% interest so it is

"\\frac{175000}{ 1.079^ {63}} \\\\\nSo \\space it \\space is \\space1454.418"


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