Question #233735

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

Expert's answer

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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