Problema Solution
If you invest $75,000 at 4 percent in the next 15 years would you have saved $214,000?
Answer provided by our tutors
after 15 years you will have
75000(1 + 0.04)^15 = $135,070.76
since $135,070.76 < $214,000 the answer is no, you will not have saved $214,000.