Mathematics
Felicia234
2016-04-27 19:13:57
How do I solve this problem?
ANSWERS
Leo784
2016-04-27 23:31:56

Future Value: $227,016.59 Total Deposits: $186,000.00 Interest Earned: $41,016.59 A = P ( 1 + r / n ) ^ntA = value after t periodsP = principal amount (initial investment)r = annual nominal interest rate (not reflecting the compounding)n = number of times the interest is compounded per yeart = number of years the money is borrowed for

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