How much must be deposited today into the following account in ordenar to have 40 000 in 5years for a down payment on a house? Assume no additional deposits are made.An account with annual compounding and an APR of 6%

Solución

How much must be deposited today into the following account in order to have 40 000 in 5years for a down payment on a house? Assume no additional deposits are made.An account with annual compounding and an APR of 6%

Solución

Principal : 29890.33

Pasos de solución

Translate the problem into an equation:

40000 = P (1 + \frac{0.06}{1})^{1 \cdot 5}

Resolver para

P, 40000 = P (1 + \frac{0.06}{1})^{1 \cdot 5} : P = 29890.33

Principal : 29890.33

Ejemplos populares

The radius of a circle is 3 cm. Find its circunferencia in terms of pipi.The radio of a circle is 9 ft. Find its area in terms of pipi.For an investment to return RM6,000 at the end of an investment period of 6 years with simple interest rate of 4% p.a., how much should be invested Shane deposited 10,000.00 into a new savings account that earns 15% interest compounded annually. How long will it take for the balance to grow to 19,960.00?Round your answer to the nearest month.The circunferencia of a circle is 17pi m. What is the area, in square meters? Express your answer in terms of pipi

How much must be deposited today into the following account in ordenar to have 40 000 in 5years for a down payment on a​ house? Assume no additional deposits are made.An account with annual compounding and an APR of 6​%

Solución

Solución

Ejemplos populares

How much must be deposited today into the following account in ordenar to have 40 000 in 5years for a down payment on a house? Assume no additional deposits are made.An account with annual compounding and an APR of 6%