SOLUTION: Please help me with this word problem:
Use the compound interest formula A=P(1 + r/n)^nt and A=Pe^rt to solve
Find the accumulated value of an investment of $18,000 at 6% com
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Use the compound interest formula A=P(1 + r/n)^nt and A=Pe^rt to solve
Find the accumulated value of an investment of $18,000 at 6% com
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Question 383488: Please help me with this word problem:
Use the compound interest formula A=P(1 + r/n)^nt and A=Pe^rt to solve
Find the accumulated value of an investment of $18,000 at 6% compounded semiannually for 11 years
Thank you for your assistance in advance Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! A=P(1 + r/n)^nt and A=Pe^rt to solve
Find the accumulated value of an investment of $18,000 at 6% compounded semiannually for 11 years
A= 18000(1+(0.06/2))^(11*22)
A = 34,489.86
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m.ananth@hotmail.ca
