Ineed quickly
john wants to have $2 000 in 3 years. the current rate of return for a high...
![subject](/tpl/images/cats/mat.png)
Mathematics, 24.08.2019 14:30 PSBSolarYT
Ineed quickly
john wants to have $2 000 in 3 years. the current rate of return for a high interest savings
account is 2.8%, compounded annually. the money, p dollars, that john must invest now is given by the formula p initial investment = 2 000 (1.028) -3, where the exponent of the power is the time, in years.
a. how much must john invest now to have $2 000 in 3 years?
b. assuming the interest rate remains consistent, how much money will john have in 5 years
if he doesn’t touch the investment after the initial 3 years? hint: the original formula will
have to change.
![ansver](/tpl/images/cats/User.png)
Answers: 1
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Another question on Mathematics
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 19:00
Which statement best explains why ben uses the width hi to create the arc at j from point k
Answers: 2
![question](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 21:20
Do you mind if you guys me with this question i’m on number 8
Answers: 1
![question](/tpl/images/cats/mat.png)
Mathematics, 22.06.2019 00:00
Cody ran nine miles on his first day of training. the next day he ran 1/8 that distance. how far did he run the second day?
Answers: 2
You know the right answer?
Questions
![question](/tpl/images/cats/istoriya.png)
History, 30.08.2019 13:20
![question](/tpl/images/cats/fizika.png)
Physics, 30.08.2019 13:20
![question](/tpl/images/cats/health.png)
Health, 30.08.2019 13:20
![question](/tpl/images/cats/obshestvoznanie.png)
![question](/tpl/images/cats/health.png)
Health, 30.08.2019 13:20
![question](/tpl/images/cats/istoriya.png)
History, 30.08.2019 13:20
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/fizika.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 30.08.2019 13:20
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 30.08.2019 13:20
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/biologiya.png)
Biology, 30.08.2019 13:20
![question](/tpl/images/cats/en.png)
English, 30.08.2019 13:20
![question](/tpl/images/cats/en.png)
English, 30.08.2019 13:20
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/biologiya.png)
Biology, 30.08.2019 13:20