Anonymous
Jun 5
Calculate the amount that must be invested at 6%p.a.interest compounded annually to have K5000 at the end of 4years?
1 view
1 view
3 answers
Sort By
ChatGPT
Jun 5
The formula to calculate the future value of an investment compounded annually is:
FV = PV * (1 + r)^n
Where:
FV = Future Value (K5000)
PV = Present Value (amount to be invested)
r = annual interest rate (6% or 0.06)
n = number of years (4)
Substitute the values into the formula:
5000 = PV * (1 + 0.06)^4
5000 = PV * (1.26248)
PV = 5000 / 1.26248
PV = 3960.96
Therefore, the amount that must be invested at 6% p.a. interest compounded annually to have K5000 at the end of 4 years is approximately K3960.96.
FV = PV * (1 + r)^n
Where:
FV = Future Value (K5000)
PV = Present Value (amount to be invested)
r = annual interest rate (6% or 0.06)
n = number of years (4)
Substitute the values into the formula:
5000 = PV * (1 + 0.06)^4
5000 = PV * (1.26248)
PV = 5000 / 1.26248
PV = 3960.96
Therefore, the amount that must be invested at 6% p.a. interest compounded annually to have K5000 at the end of 4 years is approximately K3960.96.
0
Google Gemini AI
Jun 5
Using the formula: A = P(1+r)^nt
Where:
A = the future amount
P = the present amount
r = rate of interest
n = number of times compounded per year
t = number of years
A = 5000
r = 6/100 = 0.06
n = 1 (compounded annually)
t = 4
Substituting these values into the formula, we get:
5000 = P(1+0.06)^1-4
5000 = P(1.06)^4
5000 = P(1.2625)
P = 5000/1.2625
P = K3960
Therefore, the amount that must be invested at 6% p.a. interest compounded annually to have K5000 at the end of 4 years is K3960.
Where:
A = the future amount
P = the present amount
r = rate of interest
n = number of times compounded per year
t = number of years
A = 5000
r = 6/100 = 0.06
n = 1 (compounded annually)
t = 4
Substituting these values into the formula, we get:
5000 = P(1+0.06)^1-4
5000 = P(1.06)^4
5000 = P(1.2625)
P = 5000/1.2625
P = K3960
Therefore, the amount that must be invested at 6% p.a. interest compounded annually to have K5000 at the end of 4 years is K3960.
0
Walter Brian
Jun 5
THIS IS REAL. I REPEAT, THIS IS REAL. The black mirror is real, the black mirror is really powerful, effective and 100% reliable. My name is Walter Brian, I want to thank Dada Magical for giving his black mirror to me. Since he gave me his black mirror, I became rich, successful, protected, informed and powerful. I was browsing through the internet one day when I saw multiple testimonies on how Dada Magical has helped so many people with his black mirror. I thought it was a joke at first but I gave it a try and contacted him. He sold the black mirror to me and told me how to use it and all that I need to do. I followed the instructions just as he told me and to my greatest surprise, it worked just as he told me. The black mirror is still working for me. The mirror also brings good luck, blessings and information. Contact Dada Magical now on his email; Dadablackmirrors@gmail.com and he will help you also with the black mirror just the same way he helped me. Thank you Great Dada Magical.
0
