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Word problem, please help! You invested $52,000.00 at 6% for 5 years. What is your total return on this investment for the following compounding: i) Annually ii) Quarterly iii) Semiannual iv) Continuously v) When will your investment double? What do those ^ mean & how do I figure it out?? Also this came with it: A=P(1+\frac{ r }{ n })^{nt} A=Pe ^{rt}
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\[A=P(1+\frac{r}{n})^{nt}\]
@e.mccormick can you please help?
52,000 X 6 / 100 = 3120/year
@Samour would that be \[52000*\frac{6}{100}\] = 3120 annually??
@jdoe0001 can you please help me figure out how to find the quarterly, semiannual, continuous, and when the investment will double?
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