SOLUTION: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Round your answer to the nearest cent.)
P = $1800, r = 6%, t = 4.5, compo
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Question 796861: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Round your answer to the nearest cent.)
P = $1800, r = 6%, t = 4.5, compounded semiannually
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{nt})
Where 
is the future value, 
is the present value, 
is the interest rate per annum expressed as a percent, 
is the number of compounding periods per year (semiannual = 2), and 
is the number of years.
Plug in the numbers and then get out your calculator.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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