Tuesday

January 27, 2015

January 27, 2015

Posted by **jazmin** on Monday, December 12, 2011 at 5:11pm.

- math models -
**Anonymous**, Monday, December 12, 2011 at 6:28pmSum = P(1+i)^n

where Sum = the accumulated sum

P = the amount deposited

i = the periodic decimal interest rate

n = the number of compounding periods

Therefore, Sum = 5000(1+.06/2)^(5x2)

**Answer this Question**

**Related Questions**

math - a bank account earns 7% annual interest compounded continuously. you ...

math - I have been staring at this problem forever, and cant seem to dig it up ...

math - you deposit $ 900 in a savings account that earns 4%interest coumpounded ...

College level math - Suppose you deposit $100 in an account that earns 0.5% each...

Math - (a) Themba wants to deposit a sum of money into a savings account so that...

Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...

Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...

differential equation - If P(t) is the amount of dollars in a savings bank ...

Math - Sam gets deposits a total of $3500 every three months to the bank which ...

maths - You deposit $1000 each year into an account earning 8% compounded ...