A=future amount
P=present amount
r=rate in decimal form
n=number of times per year to be compounded
t=time in years
so
P=200
r=0.06
n=1
t=6
evaluate to find A
A=283.704
round
A=$283.70
Help needed immediately!!
2 answers:
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A=future amount
P=present amount
r=rate in decimal form
n=number of times per year to be compounded
t=time in years
so
P=200
r=0.06
n=1
t=6
evaluate to find A
A=283.704
round
A=$283.70