Two rectangular prisms are similar. The smaller, A, has a height of 4 units while the larger, B, has a height of 6 units. What i
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After 23 years $125.32 will be matured to $46,683.28.
<h3>What is the formula for recurring investment?</h3>The formula for Recurring maturity is given by:
Where A=matured amount
P =Principal value
n=Number of months
r=Interest rate(annual)
We have P= $125.32
n=23*12 = 276 months
r=2.5*12 =30%
Put these values in the above formula
we get A= $46,683.28
Therefore, After 23 years $125.32 will be matured to $46,683.28.
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