document.write( "Question 1074145: Uta invests an amount into a compound interest investment account that pays 6% a year. After six years, she withdraws her total balance of $500. Using the formula , how much money did Uta initially invest? \n" ); document.write( "
Algebra.Com's Answer #688869 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! A = P (1 + r/n) (nt)\r \n" ); document.write( "\n" ); document.write( "Where:\r \n" ); document.write( "\n" ); document.write( "A = the future value of the investment/loan, including interest \n" ); document.write( "P = the principal investment amount (the initial deposit or loan amount) \n" ); document.write( "r = the annual interest rate (decimal) \n" ); document.write( "n = the number of times that interest is compounded per year \n" ); document.write( "t = the number of years the money is invested or borrowed for \n" ); document.write( "( lifted from the calculatorsite ) \n" ); document.write( "-------------------------------------- \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "------------------------------ \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Uta originally invested $352.49 \n" ); document.write( "check the math \n" ); document.write( " \n" ); document.write( " |