Mathematics, 28.09.2019 06:20 lillielupfer6955

Determine the principal p that must be invested at rate r = 7%, compounded monthly, so that $500,000 will be available for retirement in t = 19 years. (round your answer to the nearest cent.)
p = $

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Determine the principal p that must be invested at rate r = 7%, compounded monthly, so that $500,000 will be available for retirement in t = 19 years. (round your answer to the nearest cent.)p = $

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Another question on Mathematics

Determine the principal p that must be invested at rate r = 7%, compounded monthly, so that $500,000 will be available for retirement in t = 19 years. (round your answer to the nearest cent.)
p = $