management 006

Project Description:

when you reach the age of forty (use fifty if you are already forty, sixty if you are already fifty and seventy if you are already sixty) you will need to have $ 160,000 for some project on january 1 of that year. what sum must you start out with today (assume today is july 1) if you were to invest that sum at 6% compunded quarterly? be sure to show all of your work.
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Project Stats:

Price Type: Fixed

Project Budget: $0 to $10
Completed
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