fineangel03
New member
- Joined
- Jan 23, 2007
- Messages
- 1
i dont understand it! please help me! it asks
find the balance of an account after one year when the principal is $2500 and the annual interest rate is 12.5% compounded monthly.
i tryed 2500(1+12.5x1)=33750 . i kno im supposed to make it to the power of 12 or something like that....but im not sure someone please help me
find the balance of an account after one year when the principal is $2500 and the annual interest rate is 12.5% compounded monthly.
i tryed 2500(1+12.5x1)=33750 . i kno im supposed to make it to the power of 12 or something like that....but im not sure someone please help me