Sunday

March 1, 2015

March 1, 2015

Posted by **cynthia** on Monday, February 18, 2013 at 8:56am.

- math -
**Henry**, Tuesday, February 19, 2013 at 11:58amP = Po(1+r)^n.

Po = $500. = Initial investment.

r = (5%/100%) = 0.05 = APR expressed as a decimal.

N = 1Comp./yr * 10yrs = 10 Compounding periods.

Plug the above values into the given Eq and get:

P = $814.45.

**Answer this Question**

**Related Questions**

geometry - A person deposits $500.00 into a savings account and pays 5% annual ...

Math - a person deposited $500 in a savings account that pays 5% annual interest...

math - 37. A person deposited $500 in a savings account that pays 5% annual ...

Math - A person deposited $500 in a savings account that pays 5% annual interest...

math - 37. A person deposited $500 in a savings account that pays 5% annual ...

math - a person deposited $500 in a savings account that pays 5% annual interest...

Math - Which sequence do I use to get the answer to this problem? Arithmetic or ...

annuities..math - Anne Thorne deposits $100 at the end of each month into her ...

Finite Math and Applied Calculus - Betty Sue sets up a retirement account. For ...

math - This problem has to do with exponential models. The question says, you ...