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Popular Word Problems >

Find the present value if Future value of 10400, Interest rate at 9% p.a. compounded quarterly for 5 years.

Solución

F in d t h e p rese n t v a l u e i f F u t u re v a l u e o f 10400, I n t eres t r a t e a t 9% p . a . co m p o u n d e d q u a r t er l y f or 5 ye a rs .

Solución

Principal : 6664.49

Pasos de solución

Translate the problem into an equation:

10400 = P (1 + \frac{0.09}{4})^{4 \cdot 5}

Resolver para

P, 10400 = P (1 + \frac{0.09}{4})^{4 \cdot 5} : P = 6664.49

Principal : 6664.49

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