Friday

August 1, 2014

August 1, 2014

Posted by **deb** on Sunday, June 12, 2011 at 7:45pm.

- math / -
**Henry**, Tuesday, June 14, 2011 at 9:05amPt = Po*(r+1)^n.

r = (8.5%/12mo) / 100% = 0.0070833 =

MPR=Monthly Percentage rate expressed as a decimal.

n = 12comp/yr * 10yrs = 120 compounding

periods.

Pt=10,000*(1.0070833)^120 = $23,326.47.

**Related Questions**

Math - Please check my work, thank you If $7,800 is deposited into an account ...

algebra - $7,000 is invested into two accounts: 4,000 into an account paying 5% ...

Math - Can someone please double check my answers. 1. What pattern does the ...

math - Can someone please double check my answers. 1. What pattern does the ...

econ - You are making $1,000 monthly deposits into a fund that pays interest at ...

Finite Math and Applied Calculus - Betty Sue sets up a retirement account. For ...

math - A money market fund pays 14% annual interest compounded daily. What is ...

Compound math - (Future Value) Suppose you invest $8000 into an account that ...

Plz Hel, word problem:) - I have tried hard to solve, but I'm stuck.... Let’s ...

algebra - Suppose Mary deposits $200 at the end of each month for 30 years into ...