Lux Investing

Find the present value that must be invested in an account paying 11,5% annual simple insterest,?

in order to have $16,000 after 5 years.

Public Comments

1. 16000/(e^(.115*t)=t t= what u want
2. The interest will be 5 x 11.5 = 57.5 percent We know that the original amount plus the interest = 16000 so, x + .575 x = 16000 1.575x = 16000 x = 16000/1.575 dollars