SOLUTION: F(t) = P(1 + r/n)nt Need the future value of an investment as an exponential function with time as the independent variable. F(t) = P(1 + r/n)nt. If P= 25000 (Investment), r = 6%

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: F(t) = P(1 + r/n)nt Need the future value of an investment as an exponential function with time as the independent variable. F(t) = P(1 + r/n)nt. If P= 25000 (Investment), r = 6%       Log On


   

Question 439529: F(t) = P(1 + r/n)nt Need the future value of an investment as an exponential function with time as the independent variable. F(t) = P(1 + r/n)nt. If P= 25000 (Investment), r = 6% (Interest Rate), t = 18 (yrs), n= 2 (Compounded SemiAnnual). What is the future value of the investment?
Answer by Gogonati(855) About Me  (Show Source):
You can put this solution on YOUR website!
Substitute at your formula:
F%28t%29=25000%281%2B0.06%2F2%29%5E%282%2A18%29, F(t)=72,456.95 dollar.