How much money will you need to invest initially to have $1,000,000.00 in 18 years if the money is compounded monthly at an annual rate of 3%?

$587,394.61

$582,761.18

$583,141.09

$583,923.63

Step-by-step explanation:

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above

Solve for P

answer: 1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

step-by-step explanation:

answer: dead jah

step-by-step explanation:

bullet + jah= dead jah