Thursday

April 24, 2014

April 24, 2014

Posted by **YOU** on Monday, February 11, 2013 at 12:42am.

- math -
**Henry**, Tuesday, February 12, 2013 at 8:19pmP = Po(1+r)^n.

Po = $15000.

r = (6%/4) / 100% = 0.015 = Quarterly %

rate expressed as a decimal.

n = 4Comp/12mo. * 27mo = 9 Compounding

periods.

Plug the above values into the given Eq

and get:

P = $17,150.85

I = P-Po

**Related Questions**

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

computer science - When $1000 is deposit at 5% simple interest, the amount grows...

Contemporary math - Using the Compound Interest Table, calculate the compound ...

maths - 1. Find the amount and the compound interest on rs.12800 for 1 year at ...

business maths - an inverstment of 35000 is made for 5 years at 6% interest rate...

math compound interestt - calcualte the compound amount afterr 5 years for an ...

math - fine the total amount in the compound interest account? $8000 is compound...

Contempoary Mthematics - Question8: Using the Present Value Table on page 358 ...

compound interest math - calculate the compound interest on an investment of $45...

math compound interest - rigoberto invests $8,000 at 6% interest comp ...