Thursday
April 17, 2014

Homework Help: math

Posted by need help on Saturday, March 10, 2007 at 7:31pm.

The formula for calculating the amount of money returned for an initial deposit money into a bank account or CD (Certificate of Deposit) is given by

A is the amount of returned.
P is the principal amount initially deposited.
r is the annual interest rate (expressed as a decimal).
n is the compound period.
t is the number of years.

Carry all calculations to 6 decimals on all assignments then round the answer to the nearest cent.


Prt = A

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

algebra - The formula for calculating the amount of money returned for an ...
College Algebra~ Check answer please - Can someone check my answers please. The ...
math - A mother wants to invest $9,000.00 for her sonís future education. She ...
College level math - Suppose you deposit $100 in an account that earns 0.5% each...
Math - find the amount of money in a bank account given the following ...
Math - a mother wants to invest 5000 for her sons future education. She invests ...
Math - Suppose you deposit $400 in an account that earn 0.75 percent each ...
Math - Suppose you deposit $400 in an account that earns 0.75 percent each ...
math - A mother wnats to invest $6,000 for her son's future education. She ...
math - Sonia received a statement on her Certificate of Deposit showing that her...

Search
Members