Find an expression for the amount of money after five years when the initial amount is $80
Question:
Find an expression for the amount of money after five years when the initial amount is $80 and the annual interest rate is as given.
12% compounded semiannually
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The formula for compound interest is A P1 rnnt where A is the amount after t years P is ...View the full answer
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Related Book For
Finite Mathematics And Its Applications
ISBN: 9780137616619
13th Edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons
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