homework help ?

Question

Evaluate the following expresion if 'm' stands for years, 'P' stands for principal that is invested at a nominal anual interest rate, and 'r' being the compound .

P = 1,000 m = 11 r = 10% compounded anually

Answer 1

x = P(1 + r)^m

x = 1000(1 + 0.1)^11

x = 1000(2.8531167.....)

x = 2,853.12

Answer 2

If I understood your question correctly, the formula would be r=pm.

You would make $100 a year in interest, giving you at the end of 11 years, $1100 in interest alone. Multiply that by the original $1000 principal to give you $1,100,000.

Like I said, that's only if I understood the question correctly.

Answer 3

Try the "FV" or future value function in MS Excel.

FV(rate,nper,pmt,pv,type)

rate = 10%
nper = 11,for number of years
pmt = 0, again no payments
pv = -1000, Excel requires you to put PV in as a negative number.

=$2,853.12

Answer 4

The only thing I can think of is the formula
I = Prt, in which
I = amount of simple interest earned,
P = principal, the amount you deposit,
r = the annual interest rate, and
t = time, in years.

With the numbers you give, I'd say the interest is
I = ($1000)(0.10)(11)
I = $1100.

I'm not really sure that's what you're looking for, though.

Answer 5

Use the compound interest formula

http://math.about.com/library/weekly/aa042002a.htm

Answer 6

I = P(1 + r)^m

I = 1000(1 + .10)^11
I = 1000(1.1)^11
I = $2853.12

ANS : $2853.12

Answer 7

that sounds like you want us to answer this


this is th eproblem with public school.

do your homework

and actually pose a question next time not a math problem

Answer 8

Is $1,000 invested annually as well? or is it just the present value?

Answer 9

Here is the link with the info you need:

http://www.webhostingtalk.com/showthread.php?t=529148

Answer 10

1000 * (1,10) ^ 11 = 2853,12