4 year(s) ago, Mary invested 43,673 dollars. She has earned and will earn compound interest of 11.19 percent per year. In 1 year(s) from today, Zach can make an investment and earn simple interest of 14.73 percent per year. If Zach wants to have as much in 6 years from today as Mary will have in 6 years from today.

How much should Zach invest in 1 year(s) from today?

Answer rating: 100% (QA)

To calculate how much Zach should invest in 1 year from today we need to determine the future value ... View the full answer