SOLUTION: Please help w/ the following: Thank you
The amount of money A accured at the end of N years when a certain amount P is invested at a compound annual rate r is given by A=P(1+
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Exponential-and-logarithmic-functions
-> SOLUTION: Please help w/ the following: Thank you
The amount of money A accured at the end of N years when a certain amount P is invested at a compound annual rate r is given by A=P(1+
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The amount of money A accured at the end of N years when a certain amount P is invested at a compound annual rate r is given by A=P(1+r)^n. If a person invests $160 at 4% interest compounded annually, find the approximate amount obtained at the end of 15 years. Answer by checkley71(8403) (Show Source):
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