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Sagot :
I=P(1+(r/n))^nt
I is the value owed
r is the rate in a decimal
n is the times compounded (annually =1, quarterly =4, monthly =12 etc.)
t is time invested
I=8000(1+(.109/1))^5x1
I=8000(1.109)^5
I=8000(1.67748)
$13419.84
I is the value owed
r is the rate in a decimal
n is the times compounded (annually =1, quarterly =4, monthly =12 etc.)
t is time invested
I=8000(1+(.109/1))^5x1
I=8000(1.109)^5
I=8000(1.67748)
$13419.84
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