Tuesday

July 22, 2014

July 22, 2014

Posted by **anne** on Tuesday, December 18, 2012 at 4:45pm.

- engineering economic -
**Henry**, Thursday, December 20, 2012 at 6:02pma. P1 = Po(1+r)^n.

r = (6%/100%) = 0.06 = APR expressed as a decimal.

n = 1Comp./yr * 5yrs = 5 compounding periods.

P1 = $2676.45.

b. P2 = Po + Po*rt.

P2 = 2000 + 2000*0.07*5 = $2700.

**Related Questions**

eng economic - Zaki invested RM1000 now and RM1500 2years from now. He invests ...

math - an investor is considering investing £5000 over five years in a scheme ...

math(compunded interest ) - 6.how long will it take for a sum of money to ...

math - Ali needs to borrow Rs 500,000 for three years. Which of the following ...

MATH HELP - Derrick is investing $1,000 at 5% interest and Anna is investing $...

math - Each year, Cathy invests $1,200 in her account. The account pays an ...

math - calculate the compound interest on investing $600 for 2 years at 7% per ...

ALGERBRA - Here are two ways of investing $30,000 for 20 years: Periodic Deposit...

Visual Basic 2008 Programming - Help! I'm not sure how to start or how calculate...

Maths B - Kate is thinking about investing $45000 for 5 years. She deposits her ...