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monae7803
15.12.2020 •
Mathematics
Simplify the following radical -72
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Ответ:
total = principal * (1 + rate/n)^n*years
where "n" is the number of compounding periods per year. so for quarterly compounding, n = 4.
total = 5,000 * (1+(.07/4))^4*years
total = 5,000 * (1.0175)^16
total = 6599.64675604
and rounding to nearest cent:
total = 6,599.65