Hi there
The formula is
A=p (1+r/k)^kt
A future value 3000
P present value 100
R interest rate 0.02
K compounded monthly 12
T time?
We need to solve for t
T=[log (A/p)÷log (1+r/k)]÷k
T=(log(3,000÷100)÷log(1+0.02÷12))÷12
T=170.202 years
So it's a
Hope it helps
Answer:
2 times 5 times 5 times 5 times 5
I think it’s a mixed decimal because it’s a number consisting of a integer plus a behind the decimal formation.
Hopefully this is correct and helpful
Yes 14% he got whatever the person on the top of me said
It can’t be. There’s something wrong with the equation.