Lena is going to invest to help with a down payment on a home. How much would she have to invest to have 54,300 after 6 years, assuming an interest rate of 1.63% compounded quarterly?Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas.

解

Lena is going to invest to help with a down payment on a home. How much would she have to invest to have 54, 300 after 6 years, assuming an interest rate of 1.63% compounded quarterly?Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas.

解

Principal : 49250.67

解答ステップ

Translate the problem into an equation:

54300 = P (1 + \frac{0.0163}{4})^{4 \cdot 6}

P

を解く

54300 = P (1 + \frac{0.0163}{4})^{4 \cdot 6} : P = 49250.67

Principal : 49250.67

解

解

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