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October 20, 2014

October 20, 2014

Posted by **Anonymous** on Thursday, March 29, 2012 at 11:50am.

- algebra -
**Henry**, Saturday, March 31, 2012 at 3:15pmPt = Po(1+r)^n.

r = 3.9% / 100% = 0.039=APR expressed

as a decimal.

n = 1comp/yr * 12yrs.=12 Compounding

periods.

Pt = 8500(1.039)^12 = $13,452.58.

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