pt

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Juan Garza invested 105, 000 4 years ago at 16 percent, compounded quarterly. How much is the future value

Solução

J u an G a rz a in v es t e d 105, 0004 ye a rs a g o a t 16 p erce n t, co m p o u n d e d q u a r t er l y . Ho w m u c h i s t h e f u t u re v a l u e

Solução

Amount : 196663.03

Passos da solução

Translate the problem into an equation:

A = 105000 (1 + \frac{0.16}{4})^{4 \cdot 4}

105000 (1 + \frac{0.16}{4})^{4 \cdot 4} = 196663.03080 \dots

Round to the nearest hundredth:

196663.03

Amount : 196663.03

Exemplos populares

If five less than six times a number is forty-three. What is the number?Nate and Kira deposit 1,000.00 into a savings account which earns 6% interest compounded annually. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?If 7/8 is added to the reciprocal of a number, the result is 39/8 Find the number.A circular table has a circunferência of 9191 inches. What is the area of the table? If needed, use an approximation for �pi and round your answer to one decimal place.The area of a circle is 4.3 cm2. Find the circunferência of the circle, rounding your answer to 3 significant figures.