Sandy wants to know how much she needs to save today to have $5,000 in five years at a 7% interest rate. How much should she invest today?
A) $3500
B) $3946
C) $3565
D) Not enough information is provided.

Question

Quizplus · Accepted Answer

The Answer of Sandy wants to know how much she needs to save today to have $5,000 in five years at a 7% interest rate. How much should she invest today?
A) $3500
B) $3946
C) $3565
D) Not enough information is provided.

Sandy Wants to Know How Much She Needs to Save