es

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

How much would you need to deposit in an account now in ordenar to have 3000 in the account in 5 years? Assume the account earns 8% interest compounded monthly.

Solución

Ho w m u c h w o u l d yo u n ee d t o d e p os i t in an a cco u n t n o w in or d er t o ha v e 3000 in t h e a cco u n t in 5 ye a rs ? A ss u m e t h e a cco u n t e a r n s 8% in t eres t co m p o u n d e d m o n t h l y .

Solución

Principal : 2013.63

Pasos de solución

Translate the problem into an equation:

3000 = P (1 + \frac{0.08}{12})^{12 \cdot 5}

Resolver para

P, 3000 = P (1 + \frac{0.08}{12})^{12 \cdot 5} : P = 2013.63

Principal : 2013.63

Ejemplos populares

10911aIf the mean is 11, which number could a be?A die is rolled twice. Find the probability of getting both odd numbers and the same number on both rolls You want to have 800,000 when you retire in 10 years. If you can earn 7% interest compounded monthly, how much would you need to deposit now into the account to reach your retirement goal?Marie opened a savings account and deposited 200.00 as principal. The account earns 5% interest, compounded quarterly. How much interest will she earn after 9 years?What is the volumen, in cubic m, of a cube with an edge length of 18m?