SOLUTION: $20,000 30 months 14 nominal rate what is the present value and compound interest

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: $20,000 30 months 14 nominal rate what is the present value and compound interest       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 414475: $20,000 30 months 14 nominal rate what is the present value and compound interest
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=20000(1+0.14)^2.5
A=20000*1.3876
A=27,752.00
interest = 7,752