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use the compound interest formula, A(t)=P(1+r/n)^nt, After a certain number of years, the value of an investment account is represented by the equation 15,500(1+0.06/6)^90. What
use the compound interest formula, A(t)=P(1+r/n)^nt,
- After a certain number of years, the value of an investment account is represented by the equation 15,500(1+0.06/6)^90. What is the value of the account?
- What was the initial deposit made to the account in the previous exercise?
- How many years had the account from the previous exercise been accumulating interest?
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
