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Phổ biến Word Problems >

How much must be deposited today into an account with annual compounding and an APR of 5% in sắp xếp to have 50,000 in 8 years for a down payment on a house? Assume no additional deposits are made.

Lời Giải

Ho w m u c h m u s t b e d e p os i t e d t o d a y in t o an a cco u n t w i t h ann u a l co m p o u n d in g an d an A PR o f 5​% in or d er t o ha v e 50, 000 in 8 ye a rs f or a d o w n p a y m e n t o n a ​ h o u se ? A ss u m e n o a dd i t i o na l d e p os i t s a re ma d e .

Lời Giải

Principal : 33841.97

Các bước giải pháp

Translate the problem into an equation:

50000 = P (1 + \frac{0.05}{1})^{1 \cdot 8}

Giải

P, 50000 = P (1 + \frac{0.05}{1})^{1 \cdot 8} : P = 33841.97

Principal : 33841.97

Ví dụ phổ biến

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