anonymous
  • anonymous
if $500,000 is to be saved over 25 years, how much should be deposited annually if the investment earns 7% interest compounded annually?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
500,000 = C[1+0.07]^25 C = 500,000 / (1.07)^25
anonymous
  • anonymous
So I have to multiply 500,00 (1.07) to the 25th power? How do I solve that?
anonymous
  • anonymous
by using calculator

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