How much would you need to deposit in an account now in order to have 3000 in the account in 10 years? Assume the account earns 3% interest compounded monthly.

الحلّ

الحلّ

Principal : 2223.29

خطوات الحلّ

Translate the problem into an equation:

3000 = P (1 + \frac{0.03}{12})^{12 \cdot 10}

3000 = P (1 + \frac{0.03}{12})^{12 \cdot 10}, P

حلّ لـ:

P = 2223.29

Principal : 2223.29

أمثلة شائعة

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