Use A = Pert where: A = the amortized amount (total amount of the investment interest plus principle) P = the amount of
Posted: Tue May 10, 2022 10:34 am
Use A = Pert where: A = the amortized amount (total amount of the investment interest plus principle) P = the amount of the principal r = the annual rate of interest (as a decimal) t = the time in years Find the amount owed at the end of 5 years if 1100 is loaned at a rate of 7% compounded continuously. (Round answer to 2 decimal places. No dollar signs or commas.) Submit Question