1. In order to withdraw 1000 yuan from the bank after 5 years, someone asks for the current deposit amount under the condition of compound interest rate of 2%

1. In order to withdraw 1000 yuan from the bank after 5 years, someone asks for the current deposit amount under the condition of compound interest rate of 2%

Using the present value coefficient of compound interest
The current amount to be deposited = 1000 * P / (F, 2%, 5), and the value of P / (F, 2%, 5) is obtained by looking up the table
Or directly push x * (1 + 2%) ^ 5 = 1000
x=1000/(1+2%)^5
Where P / (F, 2%, 5) is about 1 / (1 + 2%) ^ 5

Elden Ring Premiere

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