nestergurl101
19.09.2019 •
Mathematics
You want to have $25,000 saved 6 years from now to buy a house. how much less do you have to deposit today to reach this goal if you can earn 5.5 percent rather than 5 percent on your savings? today's deposit is the only deposit you will make to this savings account this problem requires solving for
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Ответ:
P=A÷(1+r)^t
P present value
A future value 25000
R interest rate
T time 6
So we need to find the present value once at 5.5% and the present value 5%
At 5.5% the present value is
P=25,000÷(1+0.055)^(6)=18,131.15
At 5% the present value is
p=25,000÷(1+0.05)^(6)=18,655.38
The difference
18,655.38−18,131.15=524.24
Ответ:
thank u bro btw i m from india wbu
Step-by-step explanation:
agar tum bhi india se hun tu happy independence dag