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Homework answers / question archive / If you will have $100,000 after 8 years with a 5 percent annual return

If you will have $100,000 after 8 years with a 5 percent annual return

Finance

If you will have $100,000 after 8 years with a 5 percent annual return. How much money you have to invest today?

Select one:

a. $50,800.2

b. $70,800,2

c. $67,683.9

d. $80,450.1

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Here Future Value F = $100,000

time t = 8 years

rate r = 5%

Current investment P=?

P = F/(1+r)^t

=100,000/(1+5%)^8

=100,000/1.05^8

=$67,683.9

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