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

Question

How much must you invest now at 7.9% interest to accumulate $175,000 in 63 years?

Answer 1

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

$\frac{175000}{ 1.079^ {63}} \\ So \space it \space is \space1454.418$