P=2950 (principal)
i=0.081 per month (period=1 month)
n=18 (periods)
A=P(1+i)ni (accumulated value)
Take out the calculator and calculate the value of A, value after 18 months.
If i invest R2950 in the bank, the interest rate is 8,10% per month. What will be the value of my money in period of 18 months?
1 answer