document.write( "Question 130921This question is from textbook
\n" );
document.write( ": I can not remember what all the variables in this equation means: \"A=p(1+r/n)nt.\" I know that this is interest, and payment. But when I have word problems, I lose what the variables mean and I don't know where to plug which numbers in. Help? \n" );
document.write( "
Algebra.Com's Answer #95529 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A=p(1+r/n)nt \n" ); document.write( "----------- \n" ); document.write( "A(t) is the value of the investment at time \"t\". \n" ); document.write( "----------------- \n" ); document.write( "P is the initial deposit or value of the investment at time t=0. \n" ); document.write( "------------------------- \n" ); document.write( "r is the annual interest rate \n" ); document.write( "------------------------ \n" ); document.write( "n is the number of times the money is compounded in a year \n" ); document.write( "------------------------- \n" ); document.write( "t is the number of years the money is invested. \n" ); document.write( "===================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |