A is the amount of returned
P is the principal amount deposited
r is the annual interest rate (expressed as a decimal)
n is the compound period
t is the number of year
2007-01-25 08:57:23 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
Not to clear what it is you are trying to ask.????????????????
2007-01-25 09:04:07 · answer #1 · answered by buzzwaltz 4 · 0⤊ 0⤋
This is an accounting homework question. It does not belong in the credit section. That said, to find 't', we need 'A', 'P', 'r', and 'n'. You only gave 1 of those. I can determine this is a 'present value' problem. Your textbook probably has present value tables in the back. If I had the rest of the numbers, I could find the answer with any spreadsheet.
2007-01-25 18:32:20 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
well first all we do not how many year so we just guess and plug in the number of months and assume that we had either $25000 to being with and put a percentage and come up with a higher figure than $25000 or try to work backwards and put in a smaller figure
2007-01-25 17:05:57 · answer #3 · answered by dreamgmk 1 · 0⤊ 0⤋
You have said without knowing t, but you have only given us P mixed with A. You need to give more information to find an answer.
2007-01-25 17:19:55 · answer #4 · answered by whatevit 5 · 0⤊ 0⤋