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April 23, 2014

April 23, 2014

Posted by **Anonymous** on Sunday, May 15, 2011 at 7:02pm.

- math -
**MathMate**, Sunday, May 15, 2011 at 7:47pmP=principal ($4000) or present value

r=interest rate per period (5.2% p.a.= 1.3% per quarter)

n=number of periods (3*4 quarters = 12)

Amount after 3 years (future value)

=P(1+r)^n

=4000(1.013)^12

= ?

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