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October 22, 2014

October 22, 2014

Posted by **Monic** on Saturday, May 19, 2012 at 7:54pm.

- ALGEBRA -
**Henry**, Sunday, May 20, 2012 at 6:59pmP = Po(1+r)^n.

r = (4.5%/2) / 100% = 0.0225=Semi-annual % rate expressed as decimal.

n = 2Comp./yr * 13yrs. = 26 Compounding

periods.

P = 835(1.0225)^26 = $1489.13.

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