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Mathematics, 24.02.2020 20:47 zasxdcfvg5868

How much money should be invested now (rounded to the nearest cent), called the initial invest years, in a treasury bond investment that yields 9% per year, compounded monthly for 10 years, if you wish it to be worth $50,000 after 10 years? Hint: A(t)=A 0 (1+ r 12 )^ 12t , where A(t) is the final amount, A 0 is the initial investment, r is the growth rate expressed as a decimal amount, and t is time in years

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How much money should be invested now (rounded to the nearest cent), called the initial invest years...
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