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OpenStudy (anonymous):
how much do i need to deposit to get 25000 in 6years 5%compounded semiannually, what is the formula thank you in advance
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OpenStudy (anonymous):
A = P(1+r/n)^nt
OpenStudy (anonymous):
A = Final Amount P = Principle (starting balance) r = Interest rate (as a decimal) n = number of compounds per year t = time (in years)
OpenStudy (anonymous):
\[a=p(1+\frac{ r }{n })^{nt}\]
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