Asked by KAYLA
How much would you have to invest into a 5 year certificate of deposit paying 2.3% compounded weekly to make it worth $4500 at the end of the term?
A=P(1+r/n)^nt
4500=P(1+0.023/52)^52(5)
I am receiving a syntax error please help
A=P(1+r/n)^nt
4500=P(1+0.023/52)^52(5)
I am receiving a syntax error please help
Answers
Answered by
Reiny
I agree with your equation and I get
$4011.25.
Beyond that, I can't help you since I don't know what you mean by "syntax" error.
$4011.25.
Beyond that, I can't help you since I don't know what you mean by "syntax" error.
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