SOLUTION: Determine the amount of an investment of $2500 if it is invested at in interest rate of 5.25% compounded monthly for 4 years?

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Question 867182: Determine the amount of an investment of $2500 if it is invested at in interest rate of 5.25% compounded monthly for 4 years?
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

Hi
In General
A = Accumulated Amount
P= principal =
r= annual rate = .0525
n= periods per year = 12
t= years = 4


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