Suppose that you desire to get a lump-sum payment of $100,000 three years from now. instructions: round your answer to the nearest dollar. how many current dollars will you have to invest today at 12 percent interest to accomplish your goal?

You would need an initial investment of $71,178.02

Step-by-step explanation:

Great question, it is always good to ask away and get rid of any doubts that you may be having.

Based on the question we can see that this is a compounding interest problem, therefore we can use the Exponential Growth Formula in order to solve this. The formula is the following.

Where:

Now that we have the formula we can plug in the values given to us in the question and solve for the initial amount (a).

.... divide both sides by 1.404928

We can see from the calculations above you would need an initial investment of $71,178.02

I hope this answered your question. If you have any more questions feel free to ask away at .

according to the triangle sum theorem, all the angles in a triangle must add up to 180 degrees. if we know one angle is already 90, we do 180-90=90. the other 2 angles must add up to 90, exactly.

step-by-step explanation:

answer: group b.

step-by-step explanation: