Question

how much would be in the account if you deposited 1500 for a period of 18 months at a rate of 8% per year

Answer 1

compounded annualy?

Answer 2

by A=Pe^rt ??

Answer 3

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

Answer 4

month 1 being the accrued interest, +$1500 for new balance.

Answer 5

ok rate = 0.08

time =1.5
p= 1500

Answer 6

thank uuuuuu