Monday

December 22, 2014

December 22, 2014

Posted by **Dave** on Sunday, January 27, 2013 at 7:38pm.

- MATH HELP -
**Henry**, Tuesday, January 29, 2013 at 7:32pmP = Po(1+r)^n.

r = 0.09 = APR expressed as a decimal.

n = 1Comp./yr * 9yes = 9 Compounding periods.

Plug the above values into the given Eq

and solve for P.

Answer: P = $2171.89

**Answer this Question**

**Related Questions**

HELP ME MATH PLEASE - $1000 invested at an APR of 9% for 9 years. If interest is...

NEED HELP MATH HELP - $3000 invested at an APR of 5% for 7 years. If interest ...

NEED HELP MATH HELP - $3000 invested at an APR of 5% for 7 years. If interest ...

NEED MATH HELP - $3000 invested at an APR of 5% for 7 years. If interest is ...

MATH HELP PLEASE - $9000 invested at an APR of 9% for five years. In interest is...

Compound interest - Hello My teacher skipped over this and I have no clue how to...

Math - If 3000 dollars is invested in a bank account at an interest rate of 6 ...

Calculus Please help! - If 7000 dollars is invested in a bank account at an ...

Calculus :) - If 8000 dollars is invested in a bank account at an interest rate ...

Math - A=P(1+r)^2 A= interest P= principle interest r= interest rate t= time in ...