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Math

Answered

how much would you have to invest today to receive 20,000 for 9 years at 15%

Sagot :

GONZALESJOWEL979IN GONZALESJOWEL979IN

Answer:

27,000 PESOS

Step-by-step explanation:

PRINCIPAL = 20,000 PESOS

RATE = 15% OR 0.15%

TIME = 9 YEARS

20,000 PESOS × 0.15% = 3,000 PESOS

3,000 PESOS × 9 YEARS = 27,000 PESOS

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