Solution

Solution

Solution steps
Translate the problem into an equation:

Popular Examples

Find the present value of ​10,000 if the interest paid is at a rate of 8​% compounded continuously for 3 years.You open a saving account by depositing 11,250 into an account earning 4.75%. If this account is compounded quarterly, how much would you have in the account after 35 years.The sum of 3 times a number and 2 equals 4An amount of \$29000 is borrowed for 15 years at 6.25% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?The different of a number and three, divided by nine