F flew62999 New member Joined Aug 30, 2005 Messages 47 Dec 8, 2005 #1 If $12000 is invested at a rate of 10% per year find the value of the investment after 8 years if compounded quarterly. (use A = P(1 + r/n)^nt) 12000 = 10% (1 + r/n)^nt what is r, n and t stand for?
If $12000 is invested at a rate of 10% per year find the value of the investment after 8 years if compounded quarterly. (use A = P(1 + r/n)^nt) 12000 = 10% (1 + r/n)^nt what is r, n and t stand for?
G galactus Super Moderator Staff member Joined Sep 28, 2005 Messages 7,203 Dec 8, 2005 #2 r=interest rate in decimal form n=number of interest periods per year t=number of years P is invested. P=12,000 plug and chug
r=interest rate in decimal form n=number of interest periods per year t=number of years P is invested. P=12,000 plug and chug
