August 8th, 2010 by admin
I need help on math please?
Charles invested $1,500 in a certificate of deposit that pays a rate of 5% per year. What will be the approximate value of the CD in 15 years?
[ Compound Interest Formula: A = P(1 + r/n)nt ]
31,183.92
(1.05^15) = 2.07892818
15,000*2.07892818 =31,183.92
You messed up Read More...
April 28th, 2010 by admin
can you help me with my math homework (again) I need the formula, how to do the proble, as well as the answer
Here’s the problem:
Joanna decided to invest the $500 that she had received as graduation presents. She invested part in a 10% annual interest money market account and the rest in Read More...