Question 38490
{{{A = P*(1 + r/n)^(n*t)}}}
r = 8%
P = 1
n = 1
find A in terms of t
{{{A = 1*(1 + .08/1)^(1*t)}}}
{{{A = (1 + .08)^t}}}
{{{A = 1.08^t}}}
t = 0, A = 1
t = 1, A = 1.08
t = 2, A = 1.17
t = 3, A = 1.26
t = 4, A = 1.36