asked 73.4k views
1 vote
How do I solve this problem?

How do I solve this problem?-example-1
asked
User PIDZB
by
8.4k points

1 Answer

3 votes
Future Value: $227,016.59
Total Deposits: $186,000.00
Interest Earned: $41,016.59

A = P ( 1 + r / n ) ^ntA = value after t periodsP = principal amount (initial investment)r = annual nominal interest rate (not reflecting the compounding)n = number of times the interest is compounded per yeart = number of years the money is borrowed for
answered
User Malcom
by
7.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.