compound and interest
Using the below values please calculate the amount accumulated (future value)
*Initial principal=$2000
*Interest Rate=9%
*Number of years 7
*Monthly compounding
2 answers
This seems like an economics question to me.. If you want to find the value for the future? You do $2000 x (1.09)^ 7 put this into your calculator exactly as I have it here to get your answer.
More detils plese..
1 answer