I believe it was Benjamin Franklin
Hi!
As far as I know, that would be false.
Have a great day :)
T = 411
T + 55 = 466
Write it backwards except with subtraction
466 - 55 = T
Given:
Principal amount = 5,000
interest rate = 6.25%
number of times the interest is compounded per year; 12 times, monthly
terms = number of years; 5 years, 60 months
A = P (1 + r/n)^nt
A = 5,000 (1 + .0625/12)^12*5
A = 5,000 (1 + 0.005)⁶⁰
A = 5,000 (1.35)
A = 6,750
6,750 / 60 months = 112.50 per month
Well Eastern Europe is still a mess after USSR cause and all of the wars and money spent in wars
