Business, 17.03.2020 04:27, makayladurham19

It is now January 1, 2015; and you will need $1,000 on January 1, 2019, in 4 years. Your bank compounds interest at an 8% annual rate. How much must you deposit today to have a balance of $1,000 on January 1, 2019? The formula method for this questions is

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It is now January 1, 2015; and you will need $1,000 on January 1, 2019, in 4 years. Your bank compou...