How much money should a young married couple invest now at a(n) 6% annual rate if they want to have $100,000 in the bank when they reach retirement age in 40 years? Use the formula: where P is the amount of money to be invested at an annual rate i (expressed as a decimal) in order to have $ A in n years. Round your answer to the nearest integer. $ __________

Question

How much money should a young married couple invest now at a(n) 6% annual rate if they want to have $100,000 in the bank when they reach retirement age in 40 years? Use the formula:  where P is the amount of money to be invested at an annual rate i (expressed as a decimal) in order to have $ A in n years. Round your answer to the nearest integer. $ __________

Quizplus · Accepted Answer

The Answer of How much money should a young married couple invest now at a(n) 6% annual rate if they want to have $100,000 in the bank when they reach retirement age in 40 years? Use the formula:  where P is the amount of money to be invested at an annual rate i (expressed as a decimal) in order to have $ A in n years. Round your answer to the nearest integer. $ __________

How Much Money Should a Young Married Couple Invest Now