Simplify this expression by multiplying. (POSSIBLY MULTIPLE ANSWERS!!!)
1 answer:
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Amount = P
P is the amount you invested.
r is the interest rate in decimal form (so 6% = 0.06)
n is the number of times a year you are paid interest (semiannually = 2)
nt is the number of payment times you expected (4 years, twice a year = 8 times)
P is the amount you invested.
r is the interest rate in decimal form (so 6% = 0.06)
n is the number of times a year you are paid interest (semiannually = 2)
nt is the number of payment times you expected (4 years, twice a year = 8 times)