SOLUTION: What is the formula for compound interest? Need to find out how much someone will make if invest $1000 per year for 37 years at 12% interest per year?

SOLUTION: What is the formula for compound interest? Need to find out how much someone will make if invest $1000 per year for 37 years at 12% interest per year?

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Question 10332: What is the formula for compound interest? Need to find out how much someone will make if invest $1000 per year for 37 years at 12% interest per year?
Answer by khwang(438) (Show Source): You can put this solution on YOUR website!
This question asking for compoud interest.
the baby formula is
R =
What is P? r? and n?
then try to use calculator to get the answer.

Forget another terrible wrong answer.
Kenny
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