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Popolare Word Problems >

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?:

Soluzione

Ho w m u c h m o n ey s h o u l d yo u in v es t n o w t o ha v e 5000 in 12 ye a rs i f yo u in v es t t h e m o n ey a t a r a t e o f 1.4%, co m p o u n d e d se miann u a ll y ? :

Soluzione

Principal : 4229.24

Fasi della soluzione

Translate the problem into an equation:

5000 = P (1 + \frac{0.014}{2})^{2 \cdot 12}

Risolvi per

P, 5000 = P (1 + \frac{0.014}{2})^{2 \cdot 12} : P = 4229.24

Principal : 4229.24

Esempi popolari

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 Three consecutive integers add up to 213. What is the least of these integers?the result of a number when increased by 15% is 161.find the number Four times the differenza between 45.6 and a number is equal to 61.5 The product of two consecutive even integers is 528. Find the value of each integer.