Question
Use this formula to find A:
A = PR^n - [(Q(R^n-1))/(R-1)].
Use this information also:
P= K15000
Q = K250
R = 1+ (2.125/100) = 1.02125
Compounded quarterly.
n = 10 years
A = PR^n - [(Q(R^n-1))/(R-1)].
Use this information also:
P= K15000
Q = K250
R = 1+ (2.125/100) = 1.02125
Compounded quarterly.
n = 10 years
Answers
Answer
The correct answer is K19267.04 (2 d.p.)
Answer
I think n is 40
Answer
Can you redo the original question
Answer
n is not 10. The years is 10.
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