Section 3.1 50 & 52 [ATTACH=full]648[/ATTACH] I need the formula to do this. Thanks.
did you read anything before you go with this question The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
To answer your question: no. My problem is time. I literally have no time to read the lesson section by the author before answering questions. I work 40 hours per week. I work overnight hours, which is not easy at all. This may be a poor excuse for you but I am not retired. Tonight is my Monday. I gotta go back to work 9pm to 7am. What do you think I do in the morning? I go straight to bed. Give me a few days to find time to read some of the notes by the author. Also, I was totally wrong trying to learn two courses simultaneously. Let's forget calculus 1 for now. I will tackle calculus 1 after completing my precalculus review. No rush going through the precalculus textbook. Just typing this note here gives me a sigh of relief.
I am going to set up 50 and 52. Tell me if my set up is correct or not. Question 50 I will set up for n = 1 only. P (1 + r/1)^(nt) A = 2500(1 + 0.035/1)^(1)(10) Yes? Question 52 I will set up for n = 1 only. A = P (1 + r/n)^(nt) A = 1000(1 + 0.06/1)^(1)(40) Yes?
