Mr. Erel
Mr. Erel earns 12% compounded quarterly. He projected to collect Ᵽ500,000 after ten years. What is the amount he needs to invest?
Correct answer:
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You need to know the following knowledge to solve this word math problem:
- arithmetic
- square (second power, quadratic)
- exponentiation
- basic functions
- percentages
- exponential function
- numbers
- fractions
Units of physical quantities:
Grade of the word problem:
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