Friday

September 19, 2014

September 19, 2014

Posted by **Dave** on Sunday, January 27, 2013 at 7:50pm.

- I NEED MATH HELP -
**Henry**, Tuesday, January 29, 2013 at 8:38pmP = Po(1+r)^n.

r = (2%/365)/100% = 5.48*10^-5 = Daily %

rate expressed as a decimal.

n = 365Comp/yr * 3yrs = 1095 Compounding

periods.

Plug the above values into the given Eq

and solve for P.

Answer: P = $25,484.19

**Answer this Question**

**Related Questions**

MATH I NEED HELP - $24,000 is invested for 3 years with an APR of 2% and daily ...

math - Suppose you start saving today for a $30,000 down payment that you plan ...

MATH PLESE - A $2,000 deposit at an APR of 5.4% with quarterly compounding for 8...

math - Assume you want to accumulate $125,000 for a long-range goal in 40 years...

Math help - Complete the table to determine the balance A for $20,000 invested ...

Math - Using continuous compounding. A 13,000 deposit in an account with APR of ...

MATH HELP - A $2,000 deposit at an APR of 5.4% with quarterly compounding for 8...

Help on my math question - A $2,000 deposit at an APR of 5.4% with quarterly ...

Math - $ 2631 is deposited into an account for 15 years. Determine the ...

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