Asked by jerome
a=p(1+r)^n
p=$4000,r=0.10, and n=2years
at the end of 2 years A is
p=$4000,r=0.10, and n=2years
at the end of 2 years A is
Answers
Answered by
Henry
I'm assuming the account is compounded
annually.
A = Po(1+r)^n
n = 1comp/yr. * 2yrs. = 2 Compounding periods.
A = 4000(1.1)^2 = $4840.
annually.
A = Po(1+r)^n
n = 1comp/yr. * 2yrs. = 2 Compounding periods.
A = 4000(1.1)^2 = $4840.
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