<PRE><B>Question 545869</B>
Principal P =	12500									
Amount=	A									
years=n	5.00									
compounded	12	times a year		t						
Rate =	7.30			0.01						
Amount =	P*((n+r)/n)^n*t									
										
Amount =	=	12500	*(1+0.01)^5*12
Amount =	12500	*(1+0.01	)^60			
	12500	*(1.01)^60					
Amount =	17986.53									
										
Interest =	17986.53	-	12500	=	$5,487	

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Principal P =	12500									
Amount=	A									
years=n	5.00									
compounded	4	times a year		t						
Rate =	6.90			0.02						
Amount =	P*((n+r)/n)^n*t									
										
Amount =	=	12500	*(1+0.02)^5*4
Amount =	12500	*(1+0.02)^20			
	        12500	*(	1.02	)^20					
Amount =	17598.03									
										
Interest =	17598.03-12500	=$5,098					

m.ananth@hotmail.ca

				
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