Solución
To pay for new machinery in 7 years, a company owner invests 20, 000 at 7.5% compounded quarterly. How much money will be available in 7 years? Round your answer to the nearest cent.
Solución
Pasos de solución
Translate the problem into an equation:
Round to the nearest hundredth:
Ejemplos populares
twice the difference of a number and 9 is twoA reindeer runs 2014 miles in 3 hours. At that rate, how many miles does it run in 1 hour?5 is decreased by a number.How much money should you invest now to have 5000 in 12 years if you invest the money at a rate of 1.4%, compounded semiannually?:Your investment account have grown by 6.9% .Currently you have R6414 in this account .What was the balance in your account one year ago before this gain