How much would you need to deposit in an account now in sắp xếp to have 4000 in the account in 10 years? Assume the account earns 7% interest compounded monthly.

Lời Giải

How much would you need to deposit in an account now in order to have 4000 in the account in 10 years? Assume the account earns 7% interest compounded monthly.

Lời Giải

Principal : 1990.39

Các bước giải pháp

Translate the problem into an equation:

4000 = P (1 + \frac{0.07}{12})^{12 \cdot 10}

Giải

P, 4000 = P (1 + \frac{0.07}{12})^{12 \cdot 10} : P = 1990.39

Principal : 1990.39

Ví dụ phổ biến

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