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Popolare Word Problems >

What is the present value of 50,000 which you are to receive 20 years from now, assuming that the inflation rate for the next 20 years will be about 4% per year?

Soluzione

Wha t i s t h e p rese n t v a l u e o f 50, 000 w hi c h yo u a re t o rece i v e 20 ye a rs f ro m n o w, a ss u min g t ha t t h e in f l a t i o n r a t e f or t h e n e x t 20 ye a rs w i ll b e ab o u t 4% p er ye a r ?

Soluzione

Amount : 90000

Fasi della soluzione

Translate the problem into an equation:

A = 50000 (1 + 0.04 \cdot 20)

50000 (1 + 0.04 \cdot 20) = 90000

Amount : 90000

Esempi popolari

A number multiplied by 3 and divided by 8.36 is 90% of what number a single die is tossed, what is the probability of getting number less than 3 Eduardo opened a savings account and deposited 100.00. The account earns 10% interest, compounded monthly. If he wants to use the money to buy a new bicycle in 2 years, how much will he be able to spend on the bike?Mackenzie opened a savings account and deposited 7,000.00 as principal. The account earns 12% interest, compounded monthly. What is the balance after 2 years?