Monday

January 26, 2015

January 26, 2015

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

**Answer this Question**

**Related Questions**

Math - Lee Holmes deposited $15,000 in a new savings account at 9% interest ...

Business Math - Lee Holmes deposited $ 15,000 in a new savings account at 9% ...

MATH HOMEWORK HELP PLEASE ANSWER - Lee Holmes deposited $15,000 in a new savings...

Math - As a savings plan for college, when their son Bill was born, the Johnson'...

MATH HW HELP!! - As a savings plan for college, when their son Bob was born, the...

math - As a savings plan for college, when their son Bob was born, the Wilburs ...

math - As a savings plan for college, when their son Bob was born, the Wilburs ...

math - Jacob Fonda deposited $25,000 in a savings account at 10% interest ...

Business Math - Shelley Katz deposited $30,000 in a savings account at 5% ...

math - Jacob Fonda deposited $25,000 in a savings account at 10% interest ...