Homework Help: Math

Posted by John on Wednesday, April 13, 2011 at 1:59pm.

compound and interest
Using the below values please calculate the amount accumulated (future value)
*Initial principal=$2000

*Interest Rate=9%

*Number of years 7

*Monthly compounding

Math - Jennifer, Wednesday, April 13, 2011 at 2:15pm
This seems like an economics question to me.. If you want to find the value for the future? You do $2000 x (1.09)^ 7 put this into your calculator exactly as I have it here to get your answer.
Math - John, Wednesday, April 13, 2011 at 2:33pm
More detils plese..

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