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July 30, 2014

July 30, 2014

Posted by **Linda** on Friday, August 6, 2010 at 1:55pm.

- Math -
**Henry**, Friday, August 6, 2010 at 3:38pmPt = Po * (1 + r)^n

r = 0.06 = rate per compounding period.

n = 26 = the number of compounding periods.

Pt = 1000 * (1.06)^26 = 4549.38 =

principal after 26 yrs.

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