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October 23, 2014

October 23, 2014

Posted by **Jess** on Tuesday, February 12, 2013 at 12:31pm.

- math -
**Henry**, Thursday, February 14, 2013 at 12:22pmP = Po(1+r)^n.

Po = $1735.50.

r = 9.25%/100% = 0.0925 = APR expressed as a decimal.

n = 1Comp./yr * 4yrs = 4 Compounding

periods.

Plug the above values in the given Eq

and get:

P = $2472.35

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