Mathematics, 21.01.2021 18:10 antojustice
When a principal amount, P, is invested at an annual interest rate, r, and compounded n times per
year, the amount accumulated in the account after t years can be found with the equation:
A = P(1+ :)"
Javier invested $2,350 in a savings account for 5 years with a rate of 1.75% compounded every six
months. In this situation, what is n?
Answers: 3
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When a principal amount, P, is invested at an annual interest rate, r, and compounded n times per
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