SOLUTION: F(t) = P(1 + r/n)nt Need the future value of an investment as an exponential function with time as the independent variable. F(t) = P(1 + r/n)nt. If P= 25000 (Investment), r = 6%
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Question 439529: F(t) = P(1 + r/n)nt Need the future value of an investment as an exponential function with time as the independent variable. F(t) = P(1 + r/n)nt. If P= 25000 (Investment), r = 6% (Interest Rate), t = 18 (yrs), n= 2 (Compounded SemiAnnual). What is the future value of the investment?
Answer by Gogonati(855) (Show Source): You can put this solution on YOUR website!
Substitute at your formula:
, F(t)=72,456.95 dollar.
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