Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Question

Kayla would like to have $10,000 saved 15 years from now. If she finds an account that offers a 3.50% interest rate compunded quarterly, what would need to be the value of her initial investment (P.V.)?

$5,929.08    
  $6,920.08    
  $7,915.70    
  $10,000.00

 

 
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