1. (Compound Interest) Finding F, P, 1, j,t Formula: 1₁ = F-P n = tm i=j/m F = P(1 + i)" P=F(1 + i) CV = DP + F(1 + i) 4. Find the present value and interest of P1,600 due in 4 years if money is worth 12% compounded semi- annually.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
Problem 15TI: Cesium-137 has a half-life of about 30 years. If we begin with 200 mg of cesium-137, will it take...
icon
Related questions
Question
100%

FOLLOW THE FORMULAS GIVEN ABOVE
DOWNVOTE IF YOU DONT FOLLOW THE FORMULAS

 

1. (Compound Interest) Finding F, P, I, j, t
Formula:
Ic = F - P
n = tm i=j/m F = P(1+i)n
P = F(1 + i) CV = DP + F(1 + i)^^
4. Find the present value and interest of P1,600 due in 4 years if money is worth 12%
compounded semi-
annually.
Transcribed Image Text:1. (Compound Interest) Finding F, P, I, j, t Formula: Ic = F - P n = tm i=j/m F = P(1+i)n P = F(1 + i) CV = DP + F(1 + i)^^ 4. Find the present value and interest of P1,600 due in 4 years if money is worth 12% compounded semi- annually.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning