Question: QUESTION 4 Find the value using the table below: Compound Interest Simple Interest Present Value n times a year Once a year Interest Future Value
QUESTION 4 Find the value using the table below: Compound Interest Simple Interest Present Value n times a year Once a year Interest Future Value nt P A = P(1 + 5) A = P(1 + r) ? 1 - PRT A - P(1 + rt) If you deposit $200 into an account that earns 3% compounded monthly, how much money would you have in 12 years? How much interest did you earn? Identify P. r., n and A. Write "unknown" for the missing or unknown value. P- A= Interest
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
