vi

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Phổ biến Word Problems >

How much money must be deposited now in an account paying 8% annual interest, compounded quarterly, to have a balance of 1000 after 10 years? Show your work.

Lời Giải

Ho w m u c h m o n ey m u s t b e d e p os i t e d n o w in an a cco u n t p a y in g 8% ann u a l in t eres t, co m p o u n d e d q u a r t er l y, t o ha v e a ba l an ce o f 1000 a f t er 10 ye a rs ? S h o w yo u r w or k .

Lời Giải

Principal : 452.89

Các bước giải pháp

Translate the problem into an equation:

1000 = P (1 + \frac{0.08}{4})^{4 \cdot 10}

Giải

P, 1000 = P (1 + \frac{0.08}{4})^{4 \cdot 10} : P = 452.89

Principal : 452.89

Ví dụ phổ biến

There are 4 consecutive even integers that sum to-108. Which integers are they?Terrence opened a savings account and deposited 800.00. The account earns 15% interest, compounded continuously. If he wants to use the money to buy a new bicycle in 3 years, how much will he be able to spend on the bike?13 years from now David will be twice as old as Pearl. The current sum of the ages of David and Pearl is 19. How old is Pearl right now?Denise opened a savings account 3 years ago. The account earns 5% interest, compounded continuously. If the current balance is 800.00, how much did she deposit initially?9 less than twice a number