SOLUTION: 1.Write the equation for finding the value of V of P dollars invested at an interest rate of R compounded annually for T years. * * * 2.Write the equation for finding the value

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Question 89826: 1.Write the equation for finding the value of V of P dollars invested at an interest rate of R compounded annually for T years.
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2.Write the equation for finding the value of V of P dollars invested at an interest rate of R compounded semiannually for T years.
Answer by stanbon(48554) About Me  (Show Source):
You can put this solution on YOUR website!

Money_Word_Problems/89826 (2007-07-24 11:54:05): 1.Write the equation for finding the value of V of P dollars invested at an interest rate of R compounded annually for T years.
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V = P(1+R/1)^(1*T)
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2.Write the equation for finding the value of V of P dollars invested at an interest rate of R compounded semiannually for T years.
0 solutions
V = P(1+R/2)^(2T)
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Cheers,
Stan H.