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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

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解答

howmuchmoneyshouldbedepositedtodayinanaccountthatearns2.5%compoundedmonthlysothatitwillaccumulateto14000in4years

解答

Principal:12669.04
求解步骤
Translate the problem into an equation:14000=P(1+120.025​)12⋅4
求解 P,14000=P(1+120.025​)12⋅4:P=12669.04
Principal:12669.04

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