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Complete the table and find the balance A if 3500 is invested at an annual % rate 3% for 10 years & compunded n times year. On the chart it has n 1,2,4,12,365
A is blank in the chart. I know the answer need to place the numbers in the formula

2006-09-27 13:52:45 · 2 answers · asked by iris s 1 in Education & Reference Homework Help

2 answers

A = P * (1 + r/n)^(n*t)

where:
P = principal
n = number of times compounded per year
t = number of years
r = interest rate (.03 in this case)

2006-09-28 03:25:01 · answer #1 · answered by ³√carthagebrujah 6 · 0 0

check out MSN Encarta.com

you will find your answer there.

good luck

2006-09-27 21:00:11 · answer #2 · answered by Anonymous · 0 1

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