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Investment Calculation

Mathematics
Tutor: None Selected Time limit: 1 Day

How much money has to be invested today to reach the desired amount under the following conditions:

A=$1000 R=4% T=6YRS N=12

Apr 18th, 2015

Formula     Interest  =  PNR/100  =  $1,000

Here P  =  ? (to be found)         N= 12,     R =4%,  T = 6 years


Answer will be given down


Apr 18th, 2015

A=P(1+r/n)^(n*t) 

1000=P(1+0.04/12)^(12*6)

1000=P(12.04/12)^72 

1000=P*1.27

     P=1000/1.27

    P=$787.40

Answer :  P= $787.40 


Apr 18th, 2015

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