chrisgonzalez1 chrisgonzalez1
  • 16-07-2017
  • Mathematics
contestada

How do I solve this problem?

How do I solve this problem class=

Respuesta :

zrh2sfo
zrh2sfo zrh2sfo
  • 19-07-2017
Future Value: $227,016.59
Total Deposits: $186,000.00
Interest Earned: 
$41,016.59

A = P ( 1 + r / n ) ^nt

A = value after t periods

P = principal amount (initial investment)

r = annual nominal interest rate (not reflecting the compounding)

n = number of times the interest is compounded per year

t = number of years the money is borrowed for

Answer Link

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