Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Finance & Accounting    Ask about another Subject  
 
PDA

861966
May 10, 2009, 05:00 AM
I need $25 000 four years from today. I have money to invest in an account that pays 5.5% p.a. interest compounded daily. How much should I invest today to meet my requirements in 4 years?
ROLCAM
May 10, 2009, 05:53 AM
$ 1 Would become $1.2460560214 if invested @<hidden>% compounded daily in 4 years time.

So you would need $ 20,063.30 invested to-day to achieve the $25,000 in four years time.
861966
May 10, 2009, 06:03 AM
thak you very much