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September 1, 2014

September 1, 2014

Posted by **roger** on Monday, December 5, 2011 at 3:09pm.

- math -
**Henry**, Thursday, December 8, 2011 at 3:20pmPt = Po(1+r)^n

r = (1.5%/360) / 1oo% = 0.0000417 = DPR

expressed as a decimal.

n = 360 comp. per yr.

Pt = 5000(1.000041666)^360 = $5074.52.

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