elpancho elpancho
  • 16-02-2017
  • Mathematics
contestada

What is the equation for compound interest

Respuesta :

Аноним Аноним
  • 16-02-2017
A = P(1 + r)^n

where A is the amount after n years, P = principal( initial amount), r = annual rate as a decimal fraction and n = number of years 

If interest is accumulated say monthly then it would be

A = P(1 + r/12)^12n

For quarterly replace the 12 by 4

Answer Link

Otras preguntas

Quotes should take up no more than __ percent of your paper. ОА. 80
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,638. The FICA tax for social security is
What is the sum of sqrt -2 and sqrt -18
Write the equation of the piecewise function ƒ that is represented by its graph.
can someone please help me with this?​
Solve for x: −7 < x − 1 < 8
Which of the following expressions is this one equivalent to? [tex]( {x}^{4}+ 2 {x}^{3} - x - 2) \div ( {x}^{3} - 1) [/tex]_____________________________________
What kind of bond holds together atoms within a molecule?
Which of the following are the correct properties of slope? Check all that apply.
When a coach permits athletes to make most of the decision, encourages them to just play and have a good time, and avoids dealing with the discipline problems,