Question

Can someone explain this for me......show me the steps to solve by plugging it into an equation.
Starting Principal: 1,800.00
Interest Rate: 4.5%
Years: 5
Periodic compounding: P(1 + r/n)Yn for n equal to...
1 $2,243.13
4 $2,251.35
12 $2,253.23
365 $2,254.15
365x24 $2,254.18

Answer 1

what is it you need?
the formula is there
P = 1800
r = 4.5%
t = 5
n = 1,4,12,365

Answer 2

looks like you already have the answers

Answer 3

Yes I do have the answers from a calculator you plug the numbers into. I wanted to see them written in an actual equation so I knew how to plug them in the correct spots.

Answer 4

Like this?:

\[18000(1+{0.045 \over 1})^{(5*1)} \]
\[18000(1+{0.045 \over 4})^{(5*4)} \]
\[18000(1+{0.045 \over 12})^{(5*12) }\]

and so on.