3 years ago

Find the amount accumulated after investing a principle P for T years at an interest rate compounded k times per year.

1 answer:

8 0

1. $3500(1+ \frac{.05}{4}) ^{4*10}$
$3500(1+.0125) ^{40}$
3500(1.64) = 5740

2. $25300(1+ \frac{.045}{12} ) ^{12*25}$
$25300(1+.00375) ^{300}$
25300(3.07) = 77671

Hope that helps. Feel free to ask any questions

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