Asked by tommy
2,500(1.0650)^12=
Answers
Answered by
lou
5322.74
Answered by
Reiny
look what Google gave me when I entered your expression....
http://www.google.ca/#hl=en&xhr=t&q=2,500(1.0650)%5E12&cp=16&pf=p&sclient=psy&safe=off&site=&source=hp&aq=f&aqi=&aql=&oq=2,500(1.0650)%5E12&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=641250cf1a4928b1&biw=1630&bih=936
http://www.google.ca/#hl=en&xhr=t&q=2,500(1.0650)%5E12&cp=16&pf=p&sclient=psy&safe=off&site=&source=hp&aq=f&aqi=&aql=&oq=2,500(1.0650)%5E12&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=641250cf1a4928b1&biw=1630&bih=936
Answered by
Damon
I assume this is $2,500 compounded for twelve periods at 6.5% interest per period.
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