Simple and Compound Interest Worksheet
Monthly $350 12% 5 years. Answer the questions in problems 13-15. What is the future amount of $12,000 invested for 5 years at 14% compounded . ... You just use the compound interest formula. A = P(1 + r/m)mt A= P(1 + r)t. Note: This is the actually formula due to n being equal to 1. A= 30,000(1.06)10. ................
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