The formula for calculating the amount of money returned for an initial deposit
into a bank account or CD (certificate of deposit) is given by
A=P(1+r over n)nt
A is the amount of the return.
P is the principal amount initially deposited.
r is the annual interest rate (expressed as a decimal).
n is the number of compound periods in one year.
t is the number of years.
Carry all calculations to six decimals on each intermediate step, then round the final
answer to the nearest cent.
Suppose you deposit $3,000 for 6 years at a rate of 7%.

Question

The formula for calculating the amount of money returned for an initial deposit 
into a bank account or CD (certificate of deposit) is given by
A=P(1+r over n)nt
A is the amount of the return.
P is the principal amount initially deposited.
r is the annual interest rate (expressed as a decimal).
n is the number of compound periods in one year.
t is the number of years.
Carry all calculations to six decimals on each intermediate step, then round the final 
answer to the nearest cent.
Suppose you deposit $3,000 for 6 years at a rate of 7%.

anonymous · Answer

Suppose you deposit $3,000 for 6 years at a rate of 7%.
a) Calculate the return (A) if the bank compounds semi-annually. Round your 
answer to the nearest cent.

anonymous · Answer

Calculate the return (A) if the bank compounds monthly. Round your answer to 
the nearest cent

anonymous · Answer

If a bank compounds continuously, then the formula used is A  Pert
where e is a constant and equals approximately 2.7183.
Calculate A with continuous compounding. Round your answer to the nearest cent

anonymous · Answer

Again similar, just dif. #s http://www.algebra.com/algebra/college/linear/Linear_Algebra.faq.question.34491.html

anonymous · Answer

4260

anonymous · Answer

thats fast! @Abyss19707

anonymous · Answer

Your formula is way to complicated. it is just A=P*I*T
A is the final amount
P is the initial deposit
I is the interest rate
T is the time in bank