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Calculate the Amount put into Saving Account
If you want to have $60,000 in 10 years, the amount that should be put into a 6.0% (effective annual rate) savings account now is most nearly:
Solution: This problem could also be stated: What is the equivalent present worth of $60,000 ten years from now if monthly money is worth 6% per year?
P = F (P/F, I, n) = $60,000(P/F, 6%, 10) = $60,000 * 0.5584 = $33,503.69
the two sides of a triangle are 17cm and 28 cm long, and the length of the median drawn to the third side is equal to 19.5. find the distance from an endpoint of this median to the
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