Ask your own question, for FREE!
Mathematics 8 Online
OpenStudy (anonymous):

At the end of 10 years you have a total of 1500 in your savings account. The account paid an annual rate of 3% compound monthly . If no additional deposits were made what was the amount in dollars of your original deposit.

OpenStudy (anonymous):

u have the future amount and u have to find the initial investement

OpenStudy (anonymous):

u will use the formula P=F/(1+i)^N

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!