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Pls help me a quick financial maths problem
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4 votes
Pls help me a quick financial maths problem

Pls help me a quick financial maths problem-example-1
User SunSparc
by
2.9k points

1 Answer

3 votes

Answer:

$74 492.30

Explanation:

P= 50 000

r= 8/100 = 0.08

n= 12

t= 5

P(1 + r/n) ^ (nt)


= 50000(1 + { (0.08)/(12) )}^((12 * 5))

=74492.285

User David Jashi
by
2.7k points
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