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OpenStudy (anonymous):
how much would be in the account if you deposited 1500 for a period of 18 months at a rate of 8% per year
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OpenStudy (regan):
compounded annualy?
OpenStudy (anonymous):
by A=Pe^rt ??
OpenStudy (anonymous):
I'm assuming monthly given the 18 month figure. .08/12 = 0.6% monthly rate. Then it becomes a compounding problem of $1500*monthly rate = month 1 etc
OpenStudy (anonymous):
month 1 being the accrued interest, +$1500 for new balance.
OpenStudy (regan):
ok rate = 0.08 time =1.5 p= 1500
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OpenStudy (anonymous):
thank uuuuuu
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