A 5-year investment note offers a 10% return on purchase, and a…

A 5-year investment note offers a 10% return on purchase, and a compounding 5% for each year after the first. If there is a $500 penalty for early redemption, and the note is redeemed for $6430 after the second year, what was the original purchase price?

AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #3071