redheadangel
redheadangel redheadangel
  • 20-09-2016
  • Mathematics
contestada

Find the interest on a Principal Balance of $5,000 over the course of 15 years with an interest rate of 3.25% compounded monthly. Round to 2 decimal places

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misssimplicity
misssimplicity misssimplicity
  • 24-09-2016
C.I=P(R divided 100)^t-P
The answer is 26406.25
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