Question 1131816
{{{ A = P*( 1 + r/n )^(n*t) }}}
{{{ A = 12000*( 1 + .062/12 )^( 12*3 ) }}}
{{{ A = 12000*( 1 + .0051667 )^36 }}}
{{{ A = 12000*1.20385 }}}
{{{ A = 14446.15 }}}
{{{ 14446.15/12 = 1203.85 }}}
$1.203.85/month
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check:
{{{ 14446.15 = 12000*1.0051667^36 }}}
{{{ 1.20385 = 1.20385 }}}
OK
check the math