SOLUTION: a man invests $50 at 10% compound interest. how much will he have at the beginning of the 13th year

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Question 804784: a man invests $50 at 10% compound interest. how much will he have at the beginning of the 13th year
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
a man invests $50 at 10% compound interest. how much will he have at the beginning of the 13th year
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A(t) = P(1+(r/n))^(nt)
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A(12) = 50(1.1)^12 = $156.92
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Cheers,
Stan H.
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