How much would you need to deposit in an account now in order to have $20,000 in the account in 4 years? Assume the account earns 5% interest.

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How much would you need to deposit in an account now in order to have $20,000 in the account in 4 years? Assume the account earns 5% interest.

Mathematics
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do u think it will b more or less than 20,000?
what is b
b = be

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Other answers:

I think less
A = P(1+r)^t let A = 20,000, r = 0.05, and t = 4 solve for P
more specifically... (total money) = (money deposited)(1+interest/100)^time
vocaloid
If you need more time, let's change vocaloid's equation a little bit beginning money = [total money] / [(1.05)^4] Can you solve that now?
It's stil unclear
Do you know how to raise a number to a power? Part of that equation is asking you to raise 1.05 to the 4th power. Can you do that?
Yea
What is 1.05 to the 4th power?
1.215
Yes So according to the equation, you get 20,000 and divide it by 1.215
To be even more exact, 1.05^4 = 1.21550625 and so the starting money would be 16,454.05

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