david quiere saber cuanto requiere invertir mensualmente para obtener $30,760.08 durante 6 meses si los invierte con el 12% capitalizable me

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david quiere saber cuanto requiere invertir mensualmente para obtener $30,760.08 durante 6 meses si los invierte con el 12% capitalizable mensualmente?

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Latifah 4 years 2021-08-06T16:03:06+00:00 1 Answers 9 views 0

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    2021-08-06T16:04:35+00:00

    Answer:

    A = $32,652.44

    Step-by-step explanation:

    Given: Principal (P) = 30,760.08, Annual Rate (R) = 12%, Time (t in years) = 0.5

    To find: How much David needs to invest monthly

    Formula: A = P(1 + r/n)^n^t

    Solution: To find, simply add principal + interest

    First, convert R as a percent to r as a decimal

    r = R/100

    r = 12/100

    r = 0.12 rate per year,

    Then solve the equation for A

    A = P(1 + r/n)nt

    A = 30,760.08(1 + 0.12/12)(12)(0.5)

    A = 30,760.08(1 + 0.01)(6)

    A = $32,652.44

    Therefore;  

    The total amount David will obtain with 30,760.08 for 6 months, 12%is $32,652.44.

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