Tuesday

September 30, 2014

September 30, 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.

**Answer this Question**

**Related Questions**

Math - you deposit $1000 at 3% per year.what is the balance at the end of one ...

Math - you deposit $1000 at 3% per year.what is the balance at the end of one ...

Finance - Your Uncle has two alternative inheritence for you. A. You receive ...

math - An amount of $5000 is invested at an interest rate of 7% per year, ...

math - Find the effective rate corresponding to the given nominal rate. (Round ...

precalc - If a savings fund pays interest at a rate of 10% per year compounded ...

Math - Mary B deposits $8500 into a savings account, compounded monthly at a ...

math - How much would $4,800.00 compounded daily at 1.7% be after 6months?

finance - You have found three investment choices for a one year deposit: 10% ...

Maths - Get Rich Quick Investments LTD offers 2 investment schemes. Scheme 1: ...