he

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

פּוֹפּוּלָרִי Word Problems >

Calculate the future value, to the nearest cent:Present value of S1340 invested for 6 years at 6% pa compounded WEEKLY

פתרון

C a l c u l a t e t h e f u t u re v a l u e, t o t h e n e a res t ce n t : P rese n t v a l u e o f S 1340 in v es t e d f or 6 ye a rs a t 6% p a co m p o u n d e d W EE K L Y

פתרון

Amount : 1920.26

צעדי פתרון

Translate the problem into an equation:

A = 1340 (1 + \frac{0.06}{52})^{52 \cdot 6}

1340 (1 + \frac{0.06}{52})^{52 \cdot 6} = 1920.26285 \dots

Round to the nearest hundredth:

1920.26

Amount : 1920.26

דוגמאות פופולריות

The radius of a circle is 12 cm. Find its circumference in terms of pipi.Edward deposited 2,000.00 into a new savings account that earns 15% interest compounded monthly. How long will it take for the balance to grow to 6,961.00?Round your answer to the nearest month.the sum of two numbers is 6 and their difference is 2 Lungelo has a son, Matthew. Here are some facts about how old Lungelo and Matthew are:Lungelo is 5 times as old as Matthew right now.10 years from now, Lungelo will be 3 times as old as Matthew.How old are Lungelo and Matthew now?Evan bought a 121.00 speaker. After paying 4% sales tax, what is the total amount Evan paid ?