Answered

IDNLearn.com provides a collaborative environment for finding and sharing knowledge. Get the information you need from our community of experts who provide accurate and comprehensive answers to all your questions.

How do I find the n in A=P(1+(r/n)^(nt)?

Sagot :

FirstSineOfMadnessidn
This is the formula for compounded interest.
P is the principal investment,
r is the rate (6%=0.06)
n is the number of times compounded per year (n=12 is monthly, n=2 is twice per year)
T is the number of years past
And A is the amount of money after t years with a rate r compounded n times per year staring at P amount
Final answer:
n is the number of times per year the interest is compounded.
Hope I helped, and sorry it took this long for you to get an answer.
Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. For clear and precise answers, choose IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.