Solution
how much money should be deposited today in an account that earns 2.5% compounded monthly so that it will accumulate to 14000 in 4 years
Solution
Solution steps
Translate the problem into an equation:
Solve for
Popular Examples
One card is selected at random from a standard 52-card deck. Find the probability the selected card is a Jack (J) or a red card. Give your answer as a decimal rounded to 4 decimal places.A family's home is currently worth 531,056, which is 20% lower than the home was worth when they bought it. What was the value of the home when they bought it?Question 7800 dollars is placed in an account with an annual interest rate of 6.5% How much will be in the account after 29 years, to the nearest cent?The sum of twice a number and 17 is-19 . Find the number.if i invest 7000 at 7.2% per year compounded daily. how many years will it take for my investment to reach 8000