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A person plans to withdraw 10000 yuan from the bank in five years. If the bank interest rate is 10%, how many yuan should he deposit in the bank now? We must answer with water economy and write the formula. I'm counting on you in this exam
10000/[(1+10%)^5]=6209.21
Five years later: 9999.99 yuan
If you deposit 6209.22, you will get 10000.01 yuan after five years
Someone hopes to get 10000 yuan of capital and interest in five years. Assuming that the bank interest rate is 5%, how much money should be deposited in the bank now?
Domestic banks are calculated according to simple interest. Fixed deposit is a one-time repayment of principal and interest at maturity. Suppose that the deposit is a yuan, (1 + 5% x5) XA = 10000, and the solution is a = 8000 yuan
If you want to get 10000 yuan of capital and profit in five years, you should deposit 8000 yuan now
Someone deposits 10000 yuan in the bank now and hopes to get 15000 yuan five years later. How much should the bank interest rate be at least
One is the fixed five-year simple interest rate
10000*(1+R*5)=15000
R=5000/(5*10000)=10%
Second, one-year continuous deposit to five years
10000*(1+R)^5=15000
R=8.4472%
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