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[tgrable79]

I have 2 equations I know which one to use but don't know how to set it up
Question
Determine the least amount of money to be invested now so that one can obtain a future goal of 50,000 dollars if interest is earned at 8.6% compounded daily for 7 years.
Formula F=D(1 + r/t) raised(nt)

 

[Deleted member 4993]

I have 2 equations I know which one to use but don't know how to set it up
Question
Determine the least amount of money to be invested now so that one can obtain a future goal of 50,000 dollars if interest is earned at 8.6% compounded daily for 7 years.
Formula F=D(1 + r/t) raised(nt)

Please tell us - in the equation you wrote:

What is F?

What is D?

What is r?

What is t?

What is n?

Please share your work with us, indicating exactly where you are stuck - so that we may know where to begin to help you.