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OpenStudy (anonymous):
What is the final balance for the investment? $2500 for 3 years at 6% compounded annually
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OpenStudy (anonymous):
Explain Please!
OpenStudy (luigi0210):
I think it might be this: \[2500(1+0.06)^3\]
OpenStudy (anonymous):
Could you please give me the formula for this?
OpenStudy (luigi0210):
P(1 + r)^n
OpenStudy (anonymous):
Thank You!
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OpenStudy (luigi0210):
No problem :D
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