Question

Usted esta tratando de manejar una inversion con un valor actual de $ 10,000 dentro de 10 años al 5% con acumulación anual. ¿ Cuanto necesita invertir?

Answer 1

Answer:

$6,139.1

Step-by-step explanation:

Using the compound interest formula;

A = P(1+r)^t

P is the amount invested

A is the amount = $10000

r is the rate = 5%

t is the time = 10years

10000 = P(1+0.05)^10

10000 = P(1.05)^10

10,000 = P(1.6289)

Swap

P(1.6289) = 10,000

P = 10,000/1.6289

P = 6,139.1

Hence I need to invest $6,139.1