COMPOUND INTEREST( NEEDED IMMEDIATELY)

sqveprtin5

 

 

Initial Investment at t = 0, P(lower 0 next to it)

Interest Rate, (k)

Doubling Time, (T)

Amount After 5 years.

a) $35,000

3.2%

 

 

b) $5000

 

 

$7,130.90

c

5.6%

 

$9,923.47

d) 

 

11 years

$17,539.32

e) $109,000

 

 

$136,503.18

f)

   

46.2 years

$19,552.82

 

 INITIAL INVESTMENT ABOVE = t = 0, P(lower 0 next to it)  i hope that makes sense.

 

MOST IMPORTANTLY, NOT ONLY DO I NEED THE ANSWERS, BUT I NEED TO HAVE STEP BY STEP, ALL THE CALCULATIONS SHOWING HOW THE ANSWER WAS OBTAINED.

 

  • 9 years ago
  • 5
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