Fsohrab Fsohrab

20-04-2020
Mathematics

contestada

Tremayne is saving for his daughter's college education. If the savings account earns 4% interest compounded monthly, and he wants to have $50,000 in 15 years, what must the principal be? Round your answer to the nearest dollar.

Respuesta :

shockieboo24 shockieboo24

26-04-2020

Answer:

$27,468.

Step-by-step explanation:

$50,000=P(1+.04/12)12(15)

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