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Beliebt Word Problems >

Find the principal needed now to get the given amount; that is, find the present value.To get 600 after 4 years at 53% compounded quarterly

Lösung

F in d t h e p r in c i p a l n ee d e d n o w t o g e t t h e g i v e n ​ am o u n t; t ha t ​ i s, f in d t h e p rese n t v a l u e . T o g e t 600 a f t er 4 ye a rs a t 53% co m p o u n d e d q u a r t er l y

Lösung

Principal : 81.95

Schritte zur Lösung

Translate the problem into an equation:

600 = P (1 + \frac{0.53}{4})^{4 \cdot 4}

Löse nach

P, 600 = P (1 + \frac{0.53}{4})^{4 \cdot 4} : P = 81.95

Principal : 81.95

Beliebte Beispiele

Eight minus a number x divided by three is greater than or equal to eleven Find 30.2% of 496.8. Round to the nearest thousandth.six less than the product of 12 and a number Kevin is 4 times as old as Daniel and is also 6 years older than Daniel.negative 13 times a number minus 60 is equal to-59 less than the number