Sandra W.

asked • 11/11/14

Find the accumulated amount. A if the principal P=$2,000 is invested at the interest rate of r=6% per year for t=6 years, compounded annually.

A=2,000{1+(0.06)(6)}

1 Expert Answer

By:

Frank M. answered • 11/11/14

Tutor
1 (1)

Help With Emergencies and Understanding

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.