SOLUTION: I'm doing an interest problem and I would like some help please. thanks.
Find the present value. Round to the nearest cent. To get $6,500 after 8 years at 10% compounded quarte
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Find the present value. Round to the nearest cent. To get $6,500 after 8 years at 10% compounded quarte
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Question 853298: I'm doing an interest problem and I would like some help please. thanks.
Find the present value. Round to the nearest cent. To get $6,500 after 8 years at 10% compounded quarterly. Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! Principal P = x
Amount= 6500
years=n 8
compounded 4 times a year
Rate = 10.00 (0.100 )
Amount = P*((n+r)/n)^n
