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Need help with number 7

Need help with number 7-example-1

2 Answers

1 vote

#used mobile cal

95,183.04

the guy who posted above thanks for telling the calculator thing otherwise i never exposed it.

User Kevin Wilson
by
3.4k points
4 votes

Answer:

$95,183.04

Explanation:


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

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

(i used a calculator but theres the formula^^ T-T)

User John Powel
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3.7k points