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.
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2.Write the equation for finding the value
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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(75887) (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.
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V = P(1+R/2)^(2T)
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Cheers,
Stan H.
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