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October 20, 2014

October 20, 2014

Posted by **Yvonne** on Sunday, March 18, 2012 at 6:10pm.

- accounting -
**Henry**, Monday, March 19, 2012 at 11:43pmPt = Po(1+r)^n.

r=(7.5%/4) / 100%=0.01875 = Quarterly % rate expressed as a decimal.

n = 4Comp./yr * 20yrs = 80 Compounding

periods.

Pt = 7000(1.01875)^80 = $30,939.11

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