Use the numbers from the original example: $1,000 invested at a 2% interest rate compounded n times per year. Compare the change in P as n increases. Fill in the table. Use a calculator and write the values to 5 decimal places.

http://imgur.com/zHjBnQq

Question

Use the numbers from the original example: $1,000 invested at a 2% interest rate compounded n times per year. Compare the change in P as n increases. Fill in the table. Use a calculator and write the values to 5 decimal places.

http://imgur.com/zHjBnQq

retireed · Answer

Looks pretty straight forward.  

You have an equation and all of the variables, just plug in the values and determine the answer.

So where are you stuck?

raquelkelli01 · Answer

@retirEEd I'm confused on how to plug them in.

retireed · Answer

Do you know what the r variable stands for?

raquelkelli01 · Answer

The interest rate..?

retireed · Answer

Yes   

r = interest rate = 2%    or 2/100  equals 0,02

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