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10th Edition

Ron Larson

Publisher: Cengage Learning

ISBN: 9781305860919

Chapter 4.2, Problem 40E

Textbook Problem

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**Present Value** How much should be deposited in an account paying 7.8% interest compounded monthly in order to have a balance of $21,000 after 4 years?

To determine

**To calculate:** The amount that must be deposited in an account in order to get

**Given Information:**

The amount in the account after

**Formula used:**

The formula to compute the deposited amount is,

Where, *P* is the deposited amount, *A* is the amount after *t* years, *r* is the interest rate and *n* is the number of times compounded per year.

**Calculation:**

Consider that the amount in the account after

Here,

The number of times compounded per year is

Simplify the rate as,

Substitute

Calculus: An Applied Approach (MindTap Course List)

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Changing Bases to Evaluate Logarithms In Exercises...Ch. 4.5 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4.5 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4.5 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4.5 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4.5 - Differentiating Functions of Other Bases In...Ch. 4.5 - Differentiating Functions of Other Bases In...Ch. 4.5 - Differentiating Functions of Other Bases In...Ch. 4.5 - Differentiating Functions of Other Bases In...Ch. 4.5 - Differentiating Functions of Other Bases In...Ch. 4.5 - Differentiating Functions of Other Bases In...Ch. 4.5 - Differentiating Functions of Others Bases In...Ch. 4.5 - Differentiating Functions of Others Bases In...Ch. 4.5 - Differentiating Functions of Others Bases In...Ch. 4.5 - Differentiating Functions of Others Bases In...Ch. 4.5 - Finding an Equation of a Tangent Line In Exercises...Ch. 4.5 - Finding an Equation of a Tangent Line In Exercises...Ch. 4.5 - Finding an Equation of a Tangent Line In Exercises...Ch. 4.5 - Finding an Equation of a Tangent Line In Exercises...Ch. 4.5 - Finding an Equation of a Tangent Line In Exercises...Ch. 4.5 - Finding an Equation of a Tangent Line In Exercises...Ch. 4.5 - Finding an Equation of a Tangent Line In Exercises...Ch. 4.5 - Finding an Equation of a Tangent Line In Exercises...Ch. 4.5 - Finding Derivatives Implicitly In Exercises 53-56,...Ch. 4.5 - Finding Derivatives Implicitly In Exercises 53-56,...Ch. 4.5 - Finding Derivatives Implicitly In Exercises 53-56,...Ch. 4.5 - Finding Derivatives Implicitly In Exercises 53-56,...Ch. 4.5 - Finding Second Derivatives In Exercises 57-62,...Ch. 4.5 - Finding Second Derivatives In Exercises 57-62,...Ch. 4.5 - Finding Second Derivatives In Exercises 57-62,...Ch. 4.5 - Finding Second Derivatives In Exercises 57-62,...Ch. 4.5 - Finding Second Derivatives In Exercises 57-62,...Ch. 4.5 - Finding Second Derivatives In Exercises 57-62,...Ch. 4.5 - Sound Intensity The relationship between the...Ch. 4.5 - Chemistry The temperatures T (inF) at which water...Ch. 4.5 - Finding Relative Extrema In Exercises 65-68, find...Ch. 4.5 - Finding Relative Extrema In Exercises 65-68, find...Ch. 4.5 - Finding Relative Extrema In Exercises 65-68, find...Ch. 4.5 - Finding Relative Extrema In Exercises 65-68, find...Ch. 4.5 - Analyzing a Graph In Exercises 6972, analyze and...Ch. 4.5 - Analyzing a Graph In Exercises 6972, analyze and...Ch. 4.5 - Analyzing a Graph In Exercises 69-72, analyze and...Ch. 4.5 - Analyzing a Graph In Exercises 69-72, analyze and...Ch. 4.5 - Demand In Exercises 73 and 74, find dx/dp for the...Ch. 4.5 - Demand In Exercises 73 and 74, find dx/dp for the...Ch. 4.5 - Demand Solve the demand function in Exercise 73...Ch. 4.5 - Demand Solve the demand function in Exercise 74...Ch. 4.5 - Minimum Average Cost The cost of producing x units...Ch. 4.5 - Minimum Average Cost The cost of producing x units...Ch. 4.5 - Consumer Trends The numbers of employees E (in...Ch. 4.5 - HOW DO YOU SEE IT? The graph shows the temperature...Ch. 4.5 - Home Mortgage The term t (in years) of a $200,000...Ch. 4.5 - Earthquake Intensity On the Richter scale, the...Ch. 4.5 - Learning Theory Students in a learning theory...Ch. 4.6 - Checkpoint 1 Worked-out solution available at...Ch. 4.6 - Checkpoint 2 Worked-out solution available at...Ch. 4.6 - Checkpoint 3 Worked-out solution available at...Ch. 4.6 - Checkpoint 4 Worked-out solution available at...Ch. 4.6 - In Exercises 1-4, solve the equation for k....Ch. 4.6 - In Exercises 1-4, solve the equation for k....Ch. 4.6 - In Exercises 1-4, solve the equation for k....Ch. 4.6 - In Exercises 1-4, solve the equation for k....Ch. 4.6 - In Exercises 5-8, find the derivative of the...Ch. 4.6 - In Exercises 5-8, find the derivative of the...Ch. 4.6 - In Exercises 5-8, find the derivative of the...Ch. 4.6 - In Exercises 5-8, find the derivative of the...Ch. 4.6 - In Exercises 9-12, simplify the expression. eln4Ch. 4.6 - In Exercises 9-12, simplify the expression....Ch. 4.6 - In Exercises 9-12, simplify the expression....Ch. 4.6 - In Exercises 9-12, simplify the expression....Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Determining Exponential Growth and Decay In...Ch. 4.6 - Determining Exponential Growth and Decay In...Ch. 4.6 - Determining Exponential Growth and Decay In...Ch. 4.6 - Determining Exponential Growth and Decay In...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Radioactive Decay What percent of a present amount...Ch. 4.6 - Radioactive Decay Find the half-life of a...Ch. 4.6 - Carbon Dating Carbon-14 (14C) dating assumes that...Ch. 4.6 - Carbon Dating Repeat Exercise 19 for a piece of...Ch. 4.6 - Finding Exponential Models In Exercises 21 and 22,...Ch. 4.6 - Finding Exponential Models In Exercises 21 and 22,...Ch. 4.6 - Population Growth The number of a certain type of...Ch. 4.6 - HOW DO YOU SEE IT? The graph shows the populations...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Finding Present Value In Exercises 33 and 34,...Ch. 4.6 - Finding Present Value In Exercises 33 and 34,...Ch. 4.6 - Effective Rate The effective rate of interest reff...Ch. 4.6 - Effective Rate Use the results of Exercise 35 to...Ch. 4.6 - Investment: Rule of 70 Verify that the time...Ch. 4.6 - Investment: Rule of 70 Use the Rule of 70 from...Ch. 4.6 - Depreciation A sports utility vehicle that costs...Ch. 4.6 - Population The table shows the populations P (in...Ch. 4.6 - Sales The cumulative sales S (in thousands of...Ch. 4.6 - Sales The cumulative sales S (in thousands of...Ch. 4.6 - Learning Curve The management of a factory finds...Ch. 4.6 - Learning Curve The management in Exercise 43...Ch. 4.6 - Revenue A small business assumes that the demand...Ch. 4.6 - Revenue Repeat Exercise 45 given that when...Ch. 4 - Applying Properties of Exponents In Exercises 1...Ch. 4 - Applying Properties of Exponents In Exercises 1...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Population Growth The resident populations P (in...Ch. 4 - Revenue The revenues R (in millions of dollars)...Ch. 4 - Property Value A piece of property sells for...Ch. 4 - Inflation Rate With an annual rate of inflation of...Ch. 4 - Applying Properties of Exponents In Exercises 13...Ch. 4 - Applying Properties of Exponents In Exercises 13...Ch. 4 - Graphing Natural Exponential Functions In...Ch. 4 - Graphing Natural Exponential Functions In...Ch. 4 - Graphing Natural Exponential Functions In...Ch. 4 - Graphing Natural Exponential Functions In...Ch. 4 - Finding Account Balances In Exercises 19-22,...Ch. 4 - Finding Account Balances In Exercises 19-22,...Ch. 4 - Finding Account Balances In Exercises 19-22,...Ch. 4 - Finding Account Balances In Exercises 19-22,...Ch. 4 - Comparing Account Balances In Exercises 23 and 24,...Ch. 4 - Comparing Account Balances In Exercises 23 and 24,...Ch. 4 - Effective Rate Find the effective rate of interest...Ch. 4 - Effective Rate Find the effective rate of interest...Ch. 4 - Present Value How much should be deposited in an...Ch. 4 - Present Value How much should be deposited in an...Ch. 4 - Demand The demand function for a product is...Ch. 4 - Demand The demand function for a product is...Ch. 4 - Profit The net profits P (in millions of dollars)...Ch. 4 - Population The populations P (in thousands) of...Ch. 4 - Biology A lake is stocked with 500 fish, and the...Ch. 4 - Medicine On a college campus of 5000 students, the...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Finding an Equation of a Tangent Line In Exercises...Ch. 4 - Finding an Equation of a Tangent Line In Exercises...Ch. 4 - Finding an Equation of a Tangent Line In Exercises...Ch. 4 - Finding an Equation of a Tangent Line In Exercises...Ch. 4 - Analyzing a Graph In Exercises 4548, analyze and...Ch. 4 - Analyzing a Graph In Exercises 4548, analyze and...Ch. 4 - Analyzing a Graph In Exercises 4548, analyze and...Ch. 4 - Analyzing a Graph In Exercises 4548, analyze and...Ch. 4 - Logarithmic and Exponential Forms of Equations In...Ch. 4 - Logarithmic and Exponential Forms of Equations In...Ch. 4 - Logarithmic and Exponential Forms of Equations In...Ch. 4 - Logarithmic and Exponential Forms of Equations In...Ch. 4 - Graphing Logarithmic Functions In Exercises 5356,...Ch. 4 - Graphing Logarithmic Functions In Exercises 5356,...Ch. 4 - Graphing Logarithmic Functions In Exercises 5356,...Ch. 4 - Graphing Logarithmic Functions In Exercises 5356,...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Condensing Logarithmic Expressions In Exercises...Ch. 4 - Condensing Logarithmic Expressions In Exercises...Ch. 4 - Condensing Logarithmic Expressions In Exercises...Ch. 4 - Condensing Logarithmic Expressions In Exercises...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Compound Interest A deposit of $400 is made in an...Ch. 4 - Hourly Earnings The average hourly wages w (in...Ch. 4 - Learning Theory Students in a psychology...Ch. 4 - Demand The demand function for a product is given...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Evaluating Logarithms In Exercises 99-102,...Ch. 4 - Evaluating Logarithms In Exercises 99-102,...Ch. 4 - Evaluating Logarithms In Exercises 99-102,...Ch. 4 - Evaluating Logarithms In Exercises 99-102,...Ch. 4 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Finding Relative Extrema In Exercises 113-116,...Ch. 4 - Finding Relative Extrema In Exercises 113-116,...Ch. 4 - Finding Relative Extrema In Exercises 113-116,...Ch. 4 - Finding Relative Extrema In Exercises 113-116,...Ch. 4 - Music The numbers of music albums downloaded D (in...Ch. 4 - Minimum Average Cost The cost of producing x units...Ch. 4 - Modeling Exponential Growth and Decay In Exercises...Ch. 4 - Modeling Exponential Growth and Decay In Exercises...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Compound Interest In Exercises 127-130,...Ch. 4 - Modeling Compound Interest In Exercises 127-130,...Ch. 4 - Modeling Compound Interest In Exercises 127-130,...Ch. 4 - Modeling Compound Interest In Exercises 127-130,...Ch. 4 - Medical Science Soon after an injection, the...Ch. 4 - Population Growth The number of a certain type of...Ch. 4 - In Exercises 14, use the properties of exponents...Ch. 4 - In Exercises 14, use the properties of exponents...Ch. 4 - In Exercises 14, use the properties of exponents...Ch. 4 - In Exercises 14, use the properties of exponents...Ch. 4 - 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