Josefa wants 5,000 saved in 2 years to make a down payment on a house. How much money should she invest now at 4.45% compounded annually in 排序 to meet her goal?

解答

Josefa wants 5, 000 saved in 2 years to make a down payment on a house. How much money should she invest now at 4.45% compounded annually in order to meet her goal?

解答

Principal : 4583.03

求解步骤

Translate the problem into an equation:

5000 = P (1 + \frac{0.0445}{1})^{1 \cdot 2}

求解

P, 5000 = P (1 + \frac{0.0445}{1})^{1 \cdot 2} : P = 4583.03

Principal : 4583.03

流行的例子

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