Solve. 12/n - 1 = 10/n + 3 A. n = -18 B. n = -23 C. n = -30 D. n = -46
1 answer:
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Answer:
Anna will need to deposit
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above and solve for P