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Use the compound interest formula to find the future value A for the following values. P= $ 1,500 i = 0.075 n= 26

Use the compound interest formula to find the future value A for the following values. P= $ 1,500 i = 0.075 n= 26
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Use the compound interest formula to find the future value A for the following values.

P= $ 1,500
i = 0.075
n= 26

asked
User Bart Van Der Drift
by
8.2k points

1 Answer

5 votes

\bf ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=1500\left(1+(0.075)/(1)\right)^(1\cdot 26)\implies A=1500(1.075)^(26)
answered
User Wijitha
by
8.3k points
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