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Anyone know this please

Anyone know this please-example-1
User FazeL
by
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1 Answer

1 vote

Answer:

687499992.9

500(
1+ (1.5)/(12)^(12*10))

Explanation:

1.5% = 1.5 (for the numerator)

The denominator is set to 12, or the time increments used. (12 months of annual interest)

The power gets 12 added on because the lower number of interest is being applied in 10 years worth of 12 months

User Sourabh Choure
by
8.3k points