Quick tutorials to common questions. I'll show you how it's done, then give you a practice problem to try on your own, before I give you the correct solution.
The 2nd Answer is wrong. This is the formula I use to calculate amounts that are compounded monthly: A=P(1+r%/12)^(12t) Substituting the Values to Find the Amount: A=1000(1+14%/12)^(12x3) = £1518.27, corr. to the nearest $ You were off by $1.9(1d.p.)
i didnt have a graphing calculator so i downloaded one on my phone and when i got to the last step which was the part that let me see the equation (the part i need) it tells me to pay
