What would you have to deposit to have $1,000 after 5 years at 6% interest

Question

how much do I need to deposit, to have $1,000 after 5 years at 6% interest

Answer 1

DUPUKUT...same anser as B4 . . . x$ at 6% for 5 yeers giv yu 1000$ interest . . . 1.06*x*5=1000$ . . . . x=1000/(5*1.06)=1000/5.3 . . . . x=188.679245$