① what sum must be deposited today at 10 percent per year compounded

1.	① what sum must be deposited today at 10 percent per year compounded quarterly if the goal is to have a compound amount of 850,000 6 years from today? How much interest will be earned during that period?
Answer» Answer: Step-by-step EXPLANATION:P (1+ i/n)nt t = Time, meaning the LENGTH of time the INTEREST is applicable, generally in years. SIMPLY put, you calculate the interest RATE divided by the number of times in a year the compound interest is generated.

① what sum must be deposited today at 10 percent per year compounded quarterly if the goal is to have a compound amount of 850,000 6 years from today? How much interest will be earned during that period?

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Answer:

Step-by-step EXPLANATION:P (1+ i/n)nt

t = Time, meaning the LENGTH of time the INTEREST is applicable, generally in years. SIMPLY put, you calculate the interest RATE divided by the number of times in a year the compound interest is generated.

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① what sum must be deposited today at 10 percent per year compounded quarterly if the goal is to have a compound amount of 850,000 6 years from today? How much interest will be earned during that period?​

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① what sum must be deposited today at 10 percent per year compounded quarterly if the goal is to have a compound amount of 850,000 6 years from today? How much interest will be earned during that period?