Matt Bennett wishes to have $ 110 comma 000 in six years. If he can earn annual interest of 8%, how much must he invest today?

he invest today is $229166.67

Explanation:

given data

future value = $110,000

time t = 6 year

rate r = 8 % = 0.08

to find out

present value

solution

we get here present value that is

future amount = principal × rate × time .................1

$110,000 = principal × 8% × 6

$110,000 = principal × 0.08 × 6

$110,000 = principal × 0.48

principal =  

principal = 229166.67

so he invest today is $229166.67

answer; /// i believe its (bas design);

answer; operating revenues;