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September 18, 2014

September 18, 2014

Posted by **John** on Saturday, June 9, 2012 at 11:23am.

- Finance -
**Henry**, Sunday, June 10, 2012 at 4:59pmV = Vp(1+r)^n. APR = 10%.

r = (10%/12) / 100% = 0.00833=Monthly %

rate expressed as a decimal.

n = 1Comp./mo * 60mo = 60 Compounding

periods.

V = Vp(1.00833)^60 = $100

Vp = 100 / (1.00833)^60 = $60.77.

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