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August 27, 2014

August 27, 2014

Posted by **Cosumer math** on Monday, April 9, 2012 at 10:21am.

- Consumer math -
**Piwo**, Monday, April 9, 2012 at 11:27amUse the formula:

A=P(1+i)^n

A=?

P=$5000

i=2.5/2

=1.25/100

=0.0125

n=2*18=36

now we substitute:

A=5000(1+0.0125)^36

=5000(1.0125)^36

=$7819.72

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