Question 365938
A= p(1+r/n)^nt
A= Future Value
p = invested amount
r=rate of interest
n = compounding period
t = time in years
...
48541.33 = p*(1+(0.063/365)^(365*6)
p= (48541.33)/(1+(0.063/365)^(365*6)
p= $33263.08
...
m.ananth@hotmail.ca