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OpenStudy (anonymous):
•Investment (pv) = $10,000 •Interest Rate (R) = 6.25% •Number of Periods (years) (t) = 2 •Compounding per Period (per year) (m) = 12 simplify this into a formula using excel. thanks in advance
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OpenStudy (texaschic101):
A = P (1 + r) ^t This is the formula for interest compounded annually
OpenStudy (anonymous):
thx
OpenStudy (anonymous):
wont work in excel tho
OpenStudy (texaschic101):
hmmm....I don't know much about excel....sorry
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OpenStudy (anonymous):
will check that out now thx
OpenStudy (anonymous):
hmmm interesting that link :)
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